8150 Perry Hwy - Medical FOR SALE


Pittsburgh, PA 15237
$5,450,000 USD
717-514-6390
8150 Perry Hwy, Pittsburgh, PA for Sale
$5,450,000 USD
Medical - FOR SALE
1/30
null | 8.37% Cap Rate

8150 Perry Hwy
Pittsburgh, PA 15237


HIGHLIGHTS

  • 44,394-square-foot multi-tenant medical office building | Historically low vacancy rate | Anchored by Genesis Medical Associates, occupying 46%
  • Below market rents | Diverse tenant mix | Base year lease structures | Most tenants feature annual rent escalations and personal guarantees
  • The building has been meticulously maintained to the highest standards, including newer roof | Located in North Hills approx. 10 Miles from Downtown

OVERVIEW

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 8150 Perry Highway in Pittsburgh, Pennsylvania—a premier multi-tenant medical office building totaling 44,394 rentable square feet, strategically positioned in the highly desirable North Hills suburb, approximately 10 miles north of Downtown Pittsburgh. The property is anchored by Genesis Medical Associates, one of Western Pennsylvania’s largest and most established primary care networks, which occupies approximately 46% of the building under a long-term lease. The asset produces a net operating income of $456,062, supported by a diverse mix of reputable medical and professional tenants. Importantly, the current leases are below prevailing market rental rates, offering investors meaningful upside potential. Leases are structured on a base year expense reimbursement basis, enabling the landlord to pass through future operating cost growth, while annual rent escalations and personal guarantees further enhance income durability and credit quality. 8150 Perry Highway has maintained a historically low vacancy rate, benefiting from its irreplaceable location within one of Pittsburgh’s most affluent and densely populated suburban corridors. The building has been meticulously maintained to institutional standards, featuring a newer roof and ongoing capital improvements that have minimized near-term maintenance exposure and reinforced long-term operational stability. The property is ideally situated just 2.5 miles from UPMC Passavant–McCandless, a nearly 400-bed acute care hospital, and 2 miles from Allegheny Health Network’s McCandless Neighborhood Hospital, ensuring continued demand from healthcare providers seeking proximity to major regional hospital systems. Beyond its healthcare adjacency, the property offers excellent visibility and accessibility along Perry Highway (U.S. Route 19), one of the region’s main north–south arteries, and sits just minutes from Ross Park Mall, one of Western Pennsylvania’s premier retail destinations. This synergy between medical and retail traffic further enhances patient accessibility, brand visibility, and tenant performance. The combination of strong in-place cash flow, below-market rents, base year lease structures, and reputable, healthcare-anchored tenancy—all within a highly maintained, institutionally cared-for asset—positions 8150 Perry Highway as a rare opportunity to acquire a stabilized, income-producing medical office investment in one of Pittsburgh’s most sought-after submarkets, offering durable, inflation-hedged income with meaningful long-term upside potential.

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

8.37%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Executive

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

236

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

-

APN/PARCEL ID

0611-G-00105-0000-00

ASK ABOUT THIS PROPERTY

Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

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Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.