105 Brandt DrCranberry Township, PA 16066

Property Details for 105 Brandt Dr

Lot size

1.80 AC

Property type

Other commercial real estate

APN

1304F108 26ABA0000

APU

1304F10826ABA0000

Description

This exceptional investment opportunity presents a Class A, 20,650 square foot medical office building situated on 1.8 acres in Cranberry Township, Pennsylvania. The property is 100% occupied under an absolute triple-net (NNN) lease with EyeSouth Partners, a leading national eyecare provider, with a corporate guarantee. The 12-year lease, commencing March 1, 2021, and expiring February 28, 2033, has 8.3 years remaining, offering significant long-term stability. Rent escalates 2.0% annually, and the lease includes two five-year renewal options. The building, constructed in 2003, features two stories and provides 3.9 parking spaces per 1,000 square feet. The property boasts a strong net operating income (NOI) of $547,301, resulting in a 6.50% cap rate and a price per square foot of $407.75. Located in a thriving healthcare corridor, this single-tenant asset offers a secure and attractive investment with substantial upside potential due to the tenant's strong performance and the area's robust demographics. The property's strategic location within the Pittsburgh MSA, coupled with its proximity to major healthcare facilities, ensures continued high occupancy and strong rental income. The asking price is $8,420,000.

• Alternative Use

  Use

  Valuation

  Residential

  $17,029,952

  Hospitality

  $15,599,344

  Educational

  $12,978,471

  Medical

  $13,424,820

  Retail

  $20,188,732

Location Insight

City

Cranberry Twp

County

Butler

State

Pennsylvania

Latitude

40.692

Longitude

-80.1061

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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