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- LoopNet Team
810-814 Penn Ave
Pittsburgh, PA 15222
Penn Building · Office Property For Sale
PROPERTY FACTS
Amenities
- Bus Line
- Property Manager on Site
About 810-814 Penn Ave , Pittsburgh, PA 15222
Iconic 48,000 square foot terracotta exterior office over retail building in Pittsburgh Central Business District, in the heart of the cultural district; built in 1910 with major renovations in 1993 and from 2013-2017; excellent historical rent roll; only 3 owners in the last 67 years; 2 passenger elevators and 1 freight elevator that loads from the rear alley; Alpha Graphics space has been improved with over $700,000 in TI; Bally Design space has been renovated recently to cool, hip, collaborative space; stabilized investment at current 90% occupancy, with upside in rents and the vacant space on the 8th floor; strong CBD office market with a five year average of 8.1%; 48,000 SF gross / 44,066 SF rentable; Projected Year 1 (2018) NOI of $384,819. PLEASE VISIT www.810penn.com to access the electronic Confidentiality Agreement with access to the virtual deal room.
PROPERTY TAXES
| Parcel Number | 0009-N-00081-0000-00 | Improvements Assessment | $1,115,500 |
| Land Assessment | $726,000 | Total Assessment | $1,841,500 |
PROPERTY TAXES
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