1-4 Kensington Square | New Kensington, PA 15068
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1-4 Kensington Square
New Kensington, PA 15068
Kensington Square | Medical & Retail · Office Property For Sale
Investment Highlights
- 92% Occupied, 26,351 SF Four-Building Medical & Retail Offering in New Kensington, PA (Pittsburgh MSA)
- DaVita (21% of GLA) is Leased thru July 2026; Over $1.2M Invested by Tenant in Build-Out with 8 Hemodialysis Stations; Large 13.6% Rent Increase i
- Freestanding First National Bank (FNB) Branch Included in Sale – Separately Parceled w/ Strong Deposits of $63 Mil; Headquartered in Pittsburgh
- Anchored by DaVita Kidney Care & Allegheny Health Network (AHN) (Combined 36% of GLA) – Prominent Multi-Billion Dollar Healthcare Organizations
- Cheap/Replaceable Rents Averaging $11.57/SF Gross
- Offers In-Place Year 1 Cash-on-Cash Return of 9.5% and Year 1 Total Return of 14.9% at 4.25% Interest Rate, 70% LTV Bank Financing Terms
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
9,875 SF
Building Class
B
Year Built
1985
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,875 SF
Building FAR
0.50
Lot Size
0.46 AC
Parking
15 Spaces (1.52 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $128,940 | |
| Land Assessment | $34,500 | Total Assessment | $163,440 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$34,500
Improvements Assessment
$128,940
Total Assessment
$163,440
Learn More About Investing in Office Space
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
