1000 Infinity DrMonroeville, PA 15146

Property Details for 1000 Infinity Dr

Lot size

5.20 AC

Property type

Office properties

Property subtype

Office buildings

APN

1243-A-155

APU

1243A155

Description

This exceptional three-story, Class B medical office building, totaling 25,255 square feet, presents a fantastic leasing opportunity. Situated on a 6.06-acre lot in Allegheny County, this 2005-constructed building offers multiple suite options ranging from 872 to 3,348 contiguous square feet. Currently, 5,330 square feet of space is immediately available for lease. The building features abundant natural light throughout, two passenger elevators, and is exceptionally well-maintained. Its convenient location, just four miles from a parkway and turnpike interchange, as well as the Miracle Mile shopping center and Route 22, provides excellent accessibility. The second floor offers three move-in ready suites: an 872-square-foot space (partially built-out), a 1,110-square-foot suite with a waiting room, secretarial area, kitchenette, multiple exam rooms, and bathrooms; and a 3,348-square-foot suite (formerly a dermatology office) with similar amenities. The third floor boasts a 2,775-square-foot space, also built out as a medical suite with a waiting room, secretarial area, bathrooms, storage, and multiple exam rooms. Leasing rates are $15.00 per square foot, plus utilities (gas and electric). The building's proximity to Route 286 and a population of 35,134 within a three-mile radius makes this an ideal location for medical practices. The property offers both plug-and-play options and space for tenant improvements.

• CAP approach

  CAP return

  Valuation

  6%

  $51,721,636

  6.5%

  $47,743,048

  7%

  $44,332,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,404,692

  Geo Method

  $45,271,416

• Alternative Use

  Use

  Valuation

  Residential

  $59,201,380

  Hospitality

  $54,228,144

  Educational

  $45,117,180

  Medical

  $46,668,828

  Retail

  $70,182,280

Location Insight

City

Monroeville

County

Allegheny

State

Pennsylvania

Latitude

40.4421

Longitude

-79.7152

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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