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310 RODI RD Pittsburgh PA 15235-3318

APN 0450-B-00231-0000-00

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Details
Property Type Office
Sub Type Medical Office
Lot SqFt 258,311
Acreage ******
Number of Units 1
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code B2
Building Count 1
Opportunity Zone No
Lease Rate ******
Lease Type ******
Lease Term ******
Remaining Term ******
Lease Expiration ******

Property History

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Property Type
Property Type
Office
Property Subtype
Medical Office
Asking Details
Asking Price
$16,962,690
Asking Cap Rate
7.25%
Asking NOI
$1,229,795
Marketing Description

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire the Pittsburgh Medical Office Portfolio, a two-asset healthcare real estate investment opportunity strategically located within the Pittsburgh MSA.​ The portfolio consists of 310 Rodi Road in Pittsburgh, PA and 4044 PA-130 in Irwin, PA, totaling 63,587 square feet.​ Offered at $16,962,690, the portfolio presents investors with an attractive 7.25% capitalization rate backed by durable healthcare tenancy and long-term contractual cash flow.​

The portfolio is anchored by Allegheny Health Network’s (AHN) Premier Medical Associates, which occupies approximately 91% of the total portfolio square footage.​ The portfolio benefits from a weighted average lease term of approximately 8.87 years, providing stable and predictable long term income.​ A significant portion of the tenancy is further strengthened by corporate guarantees from Highmark Health, AHN’s parent company, which reported approximately $32.4 billion in revenue in 2025.​

310 Rodi Road is a 44,408-square-foot, single-tenant medical office building that was repurposed and built-to-suit in 2015 specifically for AHN’s Premier Medical Associates.​ The property is fully occupied by AHN under a long-term lease with approximately 8.7 years remaining, secured by a corporate guarantee from Highmark Health.​ The asset represents a mission-critical outpatient location within AHN’s regional healthcare network and benefits from significant tenant investment and specialized high-end medical buildout.​

The second asset, 4044 PA-130, is a 19,179-square-foot multi-tenant medical office building currently 90% leased.​ Approximately 69% of the building is occupied by AHN with nearly 11 years remaining on the lease term, of which approximately 75% is backed by a corporate guarantee from Highmark Health.​ Additionally, Gentiva Hospice is projected to commence occupancy on July 1st under a new five-year lease, further enhancing occupancy and income stability.​ The property also includes approximately 1,943 square feet of remaining vacancy, providing investors with future leasing upside and additional value creation potential.​

Both properties feature landlord-favorable expense stop lease structures, significantly limiting ownership exposure to future operating expense increases by passing expense growth through to tenants.​ Combined with the institutional quality tenancy, strong healthcare market fundamentals, and strategic positioning within the Pittsburgh MSA, the portfolio offers investors a compelling opportunity to acquire stable, inflation-protected healthcare real estate income with minimal management intensity.​

This offering represents a rare opportunity to acquire a high-credit, healthcare-focused portfolio with long-term tenancy, contractual rental growth, and future upside potential within one of the most established healthcare markets in the Northeastern United States.​

Investment Highlights
  • ​±63,587 square foot, 2-asset medical office portfolio producing stable healthcare-driven cash flow
  • ​Approximately 91% of the portfolio leased to Allegheny Health Network’s Premier Medical Associates
  • ​Significant portion of tenancy secured by corporate guarantees from Highmark Health, a $32.4B healthcare system
  • ​Weighted average lease term of approximately ±8.87 years providing durable long-term income stability
  • ​Expense stop lease structures limit landlord exposure to future operating expense increases
  • ​Gentiva Hospice scheduled to commence a new 5-year lease on July 1st, further enhancing occupancy and income stability
  • ​Approximately 1,943 square feet of remaining vacancy provides future leasing and value creation upside
  • ​Strategically located within the Pittsburgh MSA, one of the region’s most established healthcare markets
  • ​Positioned along key commercial and medical corridors including Rodi Road and PA-130 with strong regional accessibility
  • ​Proximity to major healthcare systems and outpatient demand drivers throughout the Pittsburgh metropolitan area
  • ​Buildings serve as mission-critical outpatient locations for Allegheny Health Network’s Premier Medical Associates
  • ​Strong surrounding demographics and continued demand for community-based outpatient healthcare services
  • ​Excellent accessibility via major regional roadways supporting patient convenience and long-term tenant performance
Property Type
Property Type
Office
Property Subtype
Medical Office
Marketing Description

Marcus & Millichap is pleased to exclusively present Premier Medical Associates Portfolio, located at 310 Rodi Rd, Penn Hills Township, NJ & 4044 PA-130, Irwin, PA.

Investment Highlights

TENANT(S)

  • Premier Medical Associates (PMA) Portfolio consisting of two (2) class A medical outpatient facilities in the Pittsburgh, PA MSA

  • PMA occupies 86% of the square footage in the portfolio and is owned by Highmark Health (S&P Credit Rating A+), with 91% being investment grade tenancy

  • PMA is part of Allegheny Health Network (AHN), the largest multi-specialty physician practice in the Greater Pittsburgh area

  • Specialties at 310 Rodi include family care, pediatrics, allergy, physical therapy, and endocrinology. 4044 PA-140 specialties include pediatrics and family care

LEASE(S)

  • PMA has long term leases in both facilities with 9 years remaining at the 310 Road facility and 11+ years remaining at the 4044 PA-130 facility

  • The leases have an expense stop at $10/SF and $11/SF, respectively with the tenant responsible for any increase in operating expenses above these figures

  • Structured rent increases in all leases

BUILDING

  • Two buildings combined total 63,587 SF

  • 310 Rodi Road - 44,408 SF

  • 4044 PA-130 – 19,179 SF

  • The buildings were built to suit for PMA in 2015 (310 Rodi) and 2017 (4044 PA-130) with the highest end finishes in the market

LOCATION/ MARKET

  • 310 Rodi Road and 4044 PA-130 are approximately 12 miles and 22 miles from downtown Pittsburgh, respectively and approximately 12 miles from each other

  • Excellent demographics for both locations with 310 Rodi Road having an extremely high population density with 185K people within 5 miles and 4044 PA-130 having strong population (80K in 5 miles) and significantly above average household income with over $127K within 1 mile

Sale Date
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Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
AC
Alan Cafiero PRO
LIC: NJ 0791092
•••.•••.6118
••••.•••iero@•••••••••••••••.com
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