For Sale
$6,029,160

131 Rebecca LnSlippery Rock, PA 16057

Prime GSA-Leased Office Building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 25,300-square-foot, single-tenant office building in Slippery Rock, Pennsylvania. Fully occupied by the Department of Defense's Defense Counterintelligence and Security Agency and Office of Personnel Management under a single, GSA-guaranteed lease (AA+ S&P rating), this property offers unparalleled security and stability. Constructed in 2009 and extensively renovated in 2024 following a recent lease renewal, the building boasts a 31.75% rental increase upon renewal in September 2024, with an additional 10% shell rent increase in year six. The property features a private entryway, ample parking on a 4.7-acre lot, and enjoys a highly desirable location adjacent to a shopping plaza with various restaurants and services. Its proximity to Slippery Rock University (9,000+ students and staff) and the Iron Mountain secure information storage facility further enhances its strategic value. Strong demographics, including a daytime population exceeding 19,600 within a 5-mile radius and average household incomes over $80,000 within 1 mile, contribute to a robust investment profile. Located just 45 miles from downtown Pittsburgh, this asset offers a compelling blend of security, growth potential, and location within the Greater Pittsburgh Metropolitan Area. The asking price is $6,029,160, representing a 7.50% cap rate and a net operating income (NOI) of $452,187. This fee-simple ownership opportunity is offered with a broker co-op.

Highlights

  • 25,300 SF office building in Slippery Rock, PA.
  • Fully occupied by the Department of Defense under a GSA-guaranteed lease (AA+ S&P rating).
  • 2009 construction, renovated in 2024 following lease renewal.
  • 31.75% rent increase at 2024 renewal, plus 10% shell rent increase in year six.
  • Private entry, large parking lot on a ±4.70-acre lot.
  • Adjacent to a shopping plaza with grocery, restaurant, and service tenants.

Property Details for 131 Rebecca Ln

Property type
Office properties
Square Feet
25,300 SF
Year Built/Renovated
2009/2024
Lot Size (sq. ft)
204,732 SF

Location Insight

City
Slippery Rock
County
Butler
State
Pennsylvania
Latitude
41.07360208
Longitude
-80.05497009
131 Rebecca Ln, Slippery Rock, Pennsylvania

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131 Rebecca Ln
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