306 Penn Ave, Pittsburgh, PA 15221

CBRE, as exclusive agent for the owner, is pleased to offer the opportunity to acquire 306 Penn Avenue (the “Property) located in Pittsburgh’s East End neighborhood. The Property is a 79,796 SF, 3-story, 148-bed inpatient/outpatient detoxification medical facility that is currently 100% occupied by Pyramid Healthcare, Inc.

Pyramid Healthcare is expanding and moving their facility to the Parkway East and will be leaving the facility vacant. The estimated move out date is February of 2027. The Property is prime for reuse as a 148-bed inpatient/outpatient detoxification medical facility or redevelopment as another senior living, retirement, multi-family, or other commercial use while receiving income from the Pyramid Healthcare lease.

306 Penn Ave is a three-story brick structure and was built in 1963. The Property has 38 parking spaces and most of the rooms are occupied with double occupancy (two beds per room).

The Property is less than a 10-minute walk from Rockwell Park, an 800K SF, 24-acre campus home to 3M’s M*Modal Healthcare AI Division and less than 2 miles from Bakery Square, a 1.2M SF live-work-play complex which is home to Google’s Pittsburgh HQ.