310 Alpha DrPittsburgh, PA 15238

Property Details for 310 Alpha Dr

Lot size

0.88 AC

Property type

Industrial land

APN

227-M-45

APU

227M45

Description

This exceptional investment opportunity presents a fully occupied, 32,000-square-foot warehouse located at 310 Alpha Dr in Pittsburgh, Pennsylvania's RIDC Park. Built in 1972, this industrial property offers a strong 7.00% cap rate and a substantial net operating income (NOI) of $272,000 annually. The property features five loading docks, ample on-site parking, and benefits from convenient access to Route 28 and I-76, making it ideal for warehousing and distribution. Currently operating under a triple-net (NNN) lease, the tenant has a seven-year initial lease term in place with two five-year extension options, ensuring long-term income stability. The 100% occupancy rate further solidifies this investment's appeal. Situated in Allegheny County, zip code 15238, this property represents a turnkey investment in a thriving industrial area of Pittsburgh. This is a rare opportunity to acquire a high-performing asset with significant potential for future growth within a prime location. The property's strong financials, coupled with its strategic location and long-term lease, make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio.

• Alternative Use

  Use

  Valuation

  Residential

  $10,022,631

  Hospitality

  $9,180,676

  Educational

  $7,638,214

  Medical

  $7,900,904

  Retail

  $11,881,667

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4955

Longitude

-79.8672

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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