5608 Wilkins Ave Pittsburgh, PA 15217-1281

Property Details for 5608 Wilkins Ave

Year built

1902

Lot size

0.11 lot acres

Property type

Commercial land

APN

85-P-143

APU

85P143

Description

This exceptional Class A medical office building, located at 5608 Wilkins Avenue in Pittsburgh, Pennsylvania's Squirrel Hill neighborhood, presents a rare investment opportunity. The property boasts 14,400 square feet of net rentable space, distributed across two stories within a single building. Currently operating at 100% occupancy with four corporate-guaranteed tenants, this stabilized investment offers a strong and consistent income stream. The building features ample parking, a significant advantage in this desirable location. The asking price is $4,400,000, representing a price per square foot of $305.56 and a compelling 5.95% cap rate, based on a Net Operating Income (NOI) of $262,000. The property is zoned for commercial use and benefits from excellent demographics and a prime location. The gross lease structure simplifies management, and the long-term tenants provide stability and predictability for future cash flow. This well-maintained property represents a secure and lucrative investment opportunity in a thriving Pittsburgh market. The property's 100% occupancy and strong tenant base ensure immediate returns, making it an attractive option for discerning investors seeking a stable, high-performing asset. The building's prime location and excellent condition further enhance its value and potential for long-term growth.

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Longitude

-79.9269

Latitude

40.4438

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments