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Westinghouse Electric Co / NNN Lease

51 Bridge Street, Pittsburgh, PA, 15223
For Sale

Property Highlights

    • 100% Leased to Westinghouse Electric Company on a NNN Lease through December 2034
    • Mission Critical Location for Westinghouse’s eVinci Microreactor
    • Investment Grade Parent Companies-Brookfield Renewable (S&P:BBB+) and Cameco (S&P:BBB-)
    • Rent Commencement Date of January 2025 with 10 Years of Lease Term
    • Awarded the 2023 Best Tech Flex Project from NAIOP Pittsburgh
    • Urban In-Fill Location 6 Miles Northeast of Downtown Pittsburgh
    • $18 Million Tenant Investment
    • Effectively a New Building with Limited Future Capital Requirements
    • ***DOWNLOAD MARKETING PACKAGE***

Property Details

  • Price: $28,400,000
  • Transaction Type: For Sale
  • Cap Rate: 6.75%
  • Building Size: 87,420 SF
  • Lot Size: 2.62 AC
  • Lease Type: NNN
  • Lease Term: 10 years
  • Parking: 139 surface spaces

Property Description

The property is fully leased to Westinghouse Electric Company under a NNN lease that runs through December 2034, ensuring stable cash flow for the next decade.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income$0.00$0.00
Less Debt Service$0$0
Potential Net Cash Flow$0.00$0.00
Cash on Cash Return0.00 %0.00 %
Capitalization Rate0.00 %0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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