DEP Building

Description:

Well-maintained, fully leased office property with long-term public sector tenant, located in the heart of the New Castle business district.  Optimal investment opportunity with lease rates above market average, additional rent to cover utilities, and located in a Federal Opportunity Zone. Serious buyers must complete a Non-Disclosure agreement to view leases.


New Castle is the County seat for Lawrence County in Western Pennsylvania.  With close proximity to Pittsburgh, PA, it also boarders Ohio and is a short trip to New York.  This regions serves as a cross roads to 1/3 of the US population and is at the center of regional manufacturing, transportation and energy development boom.


Long-term public-sector tenant

Recent capital improvements

Over 12% CAP rate