Net Lease Sale | Pittsburgh MSA
$19,940,600
385 & 395 East Waterfront Drive, Homestead, PA 15120
8
Cap Rate
1,595,248
NOI
Details:
Description:
HOMESTEAD PROPERTY
There are Two Buildings on One Parcel
385 & 395 East Waterfront Drive
Building Size:
385 E Waterfront Dr. 74,758 square feet
395 E Waterfront Dr. 20,201 square feet
Total 94,959 square feet
NNN LEASE
Single Tenant, Absolute NNN Lease with Zero Landlord Expenses
TENANT
Tenant is an engineering, planning, and environmental consulting firm providing
customized solutions and local expertise to clients in the energy, transportation,
development, government, and industrial markets
LOCATION
Located on the Shores of the Monongahela River directly across the street from the Waterfront Town Center a 26 Acre 1.35MM sq. ft. open air Shopping Center anchored by Giant Eagle, Costco Wholesale, Dick’s Sporting Goods, DSW, Lowes, Marshalls, T.J. Maxx and Target along with many more tenants. The Center is approximately 97% leased.
LOCATION UPDATE
The merger of U.S. Steel and Nippon Steel Corporation for $14.9 billion represents a significant shift in the global steel industry and an inflection point for the economic revitalization of Homestead, Pennsylvania and the greater Mon Valley region. This merger is expected to catalyze substantial infrastructure investment, secure critical manufacturing jobs, and enhance the strategic positioning of Homestead as a hub for advanced steel production.
Listed in Association with
Scott Reid & ParaSell, Inc.
A Licensed Pennsylvania PA Broker
#RB069068
949 942-6585
broker@parasellinc.com
Documents:
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Offering Memorandum
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Location
Gallery
