191 Wyngate DrMonroeville, PA 15146

Property Details for 191 Wyngate Dr

Lot size

1.75 AC

Property type

Office properties

Property subtype

Office buildings

APN

744-A-260

APU

744A260

Description

This exceptional investment opportunity presents a 10,141 square foot, single-tenant net lease office building located at 191 Wyngate Drive in Monroeville, Pennsylvania. The property, classified as Class C, boasts a strong 100% occupancy rate with a lease extending until June 30, 2032 – offering a remaining lease term of approximately 7.6 years. The tenant, Advanticom, a leading technology provider, occupies the entire space. The building underwent extensive interior renovations in 2015, resulting in modern and efficient office space. Ample parking is available, exceeding market standards with a ratio of 8 spaces per 1,000 square feet. The property's strong pro-forma NOI of $117,711 provides a stable income stream. Situated in a prime Monroeville location, the property offers convenient access to major transportation routes, including the Pennsylvania Turnpike, less than 1.5 miles away. The net lease structure minimizes landlord responsibilities, with the tenant responsible for repairs, taxes, insurance, utilities, and a prorated share of building capital expenditures. This presents a low-maintenance, high-return investment opportunity in a thriving technology sector. The building is a single-story structure built in 2015.

• CAP approach

  CAP return

  Valuation

  6%

  $17,772,676

  6.5%

  $16,405,548

  7%

  $15,233,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,745,040

  Geo Method

  $15,232,629

• Alternative Use

  Use

  Valuation

  Residential

  $20,342,878

  Hospitality

  $18,633,968

  Educational

  $15,503,242

  Medical

  $16,036,423

  Retail

  $24,116,154

Location Insight

City

Monroeville

County

Allegheny

State

Pennsylvania

Latitude

40.4326

Longitude

-79.7821

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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