1-4 Kensington Square | New Kensington, PA 15068
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1-4 Kensington Square
New Kensington, PA 15068
Kensington Square | Medical & Retail · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 92% Occupied, 26,351 SF Four-Building Medical & Retail Offering in New Kensington, PA (Pittsburgh MSA)
- DaVita (21% of GLA) is Leased thru July 2026; Over $1.2M Invested by Tenant in Build-Out with 8 Hemodialysis Stations; Large 13.6% Rent Increase i
- Freestanding First National Bank (FNB) Branch Included in Sale – Separately Parceled w/ Strong Deposits of $63 Mil; Headquartered in Pittsburgh
- Anchored by DaVita Kidney Care & Allegheny Health Network (AHN) (Combined 36% of GLA) – Prominent Multi-Billion Dollar Healthcare Organizations
- Cheap/Replaceable Rents Averaging $11.57/SF Gross
- Offers In-Place Year 1 Cash-on-Cash Return of 9.5% and Year 1 Total Return of 14.9% at 4.25% Interest Rate, 70% LTV Bank Financing Terms
PROPERTY FACTS
Property Type
Office
Property Subtype
Property Size
9,875 sq ft
Costar Property Class
B
Year Built
1985
Occupancy Rate
92%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
9,875 sq ft
Plot ratio
0.50
Total Plot Size
0.46 ac
Parking
15 Spaces (1.52 Spaces per 1,000 sq ft Leased)
PROPERTY TAXES
| Parcel Number | 24-03-15-0-528 | Improvements Assessment | £40,877 |
| Land Assessment | £10,014 | Total Assessment | £50,891 |
PROPERTY TAXES
Parcel Number
24-03-15-0-528
Land Assessment
£10,014
Improvements Assessment
£40,877
Total Assessment
£50,891
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