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33191987
33191978

2 Locations For Sale

NM
PA PA RS322215
Zeustra Inc
Listed by Zeustra Inc
$16,962,690
52 days on market
Updated 51 days ago

Highmark Health Corp Guarantee | Allegheny Health Network

Details
APN 0450B00231000000
Property Type Office
Sub Type Medical Office
Square Footage 63,587
Net Rentable (SqFt) 63,587
Cap Rate 7.25%
NOI $1,229,795
Occupancy 97%
Tenancy Multi
Lease Type Modified
Lease Term 20
Lease Expiration 05/31/2037
Remaining Term 10.9
Rent Bumps Yes
Lease Options NONE
Class A
Year Built 2017
Buildings 2
Lot Size (SqFt) 258,311
Investment Type Core
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2017
Ownership Fee Simple

7.25% Cap | 97% Occupancy | 8.87 Year WALT

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

Listing Contacts

NM
PA PA RS322215
Zeustra Inc
Listed by Zeustra Inc

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,229,795.00
$102,482.92/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Nick Myers
License
PA RS322215
Brokerage Phone
800-229-6049
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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