Listed by Passov Real Estate Group
$4,999,000
Veterans Affairs Outpatient Center in Hermitage, PA
Details
Property Type Office
Sub Type Medical Office
Square Footage 14,907
Net Rentable (SqFt) 14,907
Cap Rate 8.05%
Tenancy Single
Lease Type Gross
Lease Term 10
Rent Bumps Yes
Class A
Year Built 2025
Buildings 1
Acreage 2.768
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 11/01/2025
Office | 8.05% CAP | 14,907 SqFt
Marketing description
Hermitage, Pennsylvania is a growing city in Mercer County near the Ohio border, offering a blend of suburban comfort and business potential. With strong transportation access via Route 18 and proximity to I-80, Hermitage is strategically located for regional commerce. The area supports a diverse economy, including healthcare, manufacturing, and retail, creating demand for commercial real estate. Retail centers, professional offices, and industrial properties are in demand as the population grows and local development continues. Hermitage's business-friendly environment, available land, and supportive community make it an attractive location for investors and companies seeking expansion in western Pennsylvania.
Investment highlights
- Lease Commencement Date: November 1, 2025
- Lease Term: Ten (10) years firm five (5) years soft
- Building Square Feet: 14,907 SF
- Acreage: 2.768 AC
- Veterans Affairs Contribution to Interior Tenant Improvements: $2,946,700
- Rental Increases: $150/SF rental increase in Years 6 and 11
Listing Contacts
Listed by Passov Real Estate Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
HC CommercialSpecial CommercialHighway Commercial
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 115 uses
View all 115 uses Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
