800 Manor Dr Washington, PA 15301
- Commercial real estate
- 3.10 lot acres
Current Use by Public Records
- GRC: The Greenbriar Center, Washington – Inpatient / Medical Clinic
Property Details for 800 Manor Dr
- Lot size
- 3.10 lot acres
- Property type
- Commercial real estate
- APN
- 600-005-07-00-0003-00
- APU
- 6000050700000300
Description
Exceptional investment opportunity in Washington, PA, featuring a 40,519 square foot, two-story medical office building currently operating as a 62-bed inpatient rehabilitation facility. This single-tenant property boasts 100% occupancy with a triple-net lease extending to June 2032, providing a stable and predictable cash flow. The lease includes annual rent increases, initially at 3% annually until June 2025, and subsequently tied to the Mid-Atlantic Consumer Price Index, offering inflation protection. The facility provides critical addiction and mental health services, including drug and alcohol detoxification and inpatient rehabilitation, and is strategically located directly off Interstate 79, offering easy access to major transportation arteries and the greater Pittsburgh metropolitan area. Situated on a 3.1-acre lot with adjacent parking for 57 vehicles, this property presents a compelling investment opportunity with an 8% cap rate and a net operating income (NOI) of $959,895. The asking price is $11,999,000, translating to $296.13 per square foot. The tenant, Greenbriar Treatment Center, is part of Gateway Rehabilitation Centers, a leading provider in the region, ensuring long-term stability and operational excellence. This property offers a unique blend of strong financial performance, essential healthcare services, and prime location, making it an attractive addition to any investment portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $515,000
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Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Washington
- State
- Pennsylvania
- Longitude
- -80.2203
- Latitude
- 40.1794
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA