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8150 Perry HwyPittsburgh, PA 15237
MULTI-TENANT MEDICAL OFFICE BUILDING
Asset ClassOffice
Rentable SF44,394
Occupancy: 100%MSA: PittsburghYear Renovated: 2019Access Data Room
ASK PRICE: $5,450,000 | Cap Rate: 8.37%
overview of deal

Overview

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 8150 Perry Highway in Pittsburgh, Pennsylvania—a premier multi-tenant medical office building totaling 44,394 rentable square feet, strategically positioned in the highly desirable North Hills suburb, approximately 10 miles north of Downtown Pittsburgh.

 

The property is anchored by Genesis Medical Associates, one of Western Pennsylvania’s largest and most established primary care networks, which occupies approximately 46% of the building under a long-term lease. The asset produces a net operating income of $456,062, supported by a diverse mix of reputable medical and professional tenants. Importantly, the current leases are below prevailing market rental rates, offering investors meaningful upside potential. Leases are structured on a base year expense reimbursement basis, enabling the landlord to pass through future operating cost growth, while annual rent escalations and personal guarantees further enhance income durability and credit quality.

 

8150 Perry Highway has maintained a historically low vacancy rate, benefiting from its irreplaceable location within one of Pittsburgh’s most affluent and densely populated suburban corridors. The building has been meticulously maintained to institutional standards, featuring a newer roof and ongoing capital improvements that have minimized near-term maintenance exposure and reinforced long-term operational stability.

 

The property is ideally situated just 2.5 miles from UPMC Passavant–McCandless, a nearly 400-bed acute care hospital, and 2 miles from Allegheny Health Network’s McCandless Neighborhood Hospital, ensuring continued demand from healthcare providers seeking proximity to major regional hospital systems. Beyond its healthcare adjacency, the property offers excellent visibility and accessibility along Perry Highway (U.S. Route 19), one of the region’s main north–south arteries, and sits just minutes from Ross Park Mall, one of Western Pennsylvania’s premier retail destinations. This synergy between medical and retail traffic further enhances patient accessibility, brand visibility, and tenant

performance.

 

The combination of strong in-place cash flow, below-market rents, base year lease structures, and reputable, healthcare-anchored tenancy—all within a highly maintained, institutionally cared-for asset—positions 8150 Perry Highway as a rare opportunity to acquire a stabilized, income-producing medical office investment in one of Pittsburgh’s most sought-after submarkets, offering durable, inflation-hedged income with meaningful long-term upside potential.

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Investment Highlights

  • 44,394-square-foot multi-tenant medical office building producing $456,062 in net operating income with a historically low vacancy rate.
  • Anchored by Genesis Medical Associates, occupying 46% of the property under a long-term lease—providing reliable, recurring income from one of Pittsburgh’s leading primary care networks.
  • Below market rents offer upside potential through future rent adjustments to current market levels.
  • Diverse tenant mix of complementary medical and professional users ensures consistent occupancy and durable cash flow.
  • Base year lease structures allow landlords to pass future operating expense growth to tenants, protecting long-term returns.
  • Most tenants feature annual rent escalations and personal guarantees, enhancing financial stability and credit quality.
  • Strategically positioned in the North Hills of Pittsburgh, one of the region’s most affluent and desirable suburban markets, approximately 10 miles north of Downtown.
  • Located 2.5 miles from UPMC Passavant–McCandless (nearly 400 beds) and 2 miles from AHN’s new McCandless Neighborhood Hospital, ensuring continued healthcare demand and referral synergies.
  • Excellent visibility and access along Perry Highway (U.S. Route 19)—a high-traffic corridor connecting Pittsburgh’s major suburban healthcare and retail nodes.
  • Minutes from Ross Park Mall and surrounding retail amenities, supporting strong patient traffic and tenant convenience.
  • Situated within Pittsburgh’s robust healthcare ecosystem, a key regional employment and economic driver supporting stable medical tenancy.
  • Historically high occupancy and consistent tenant retention underscore the building’s long-term operational stability.
  • The building has been meticulously maintained to the highest standards, including a newer roof.
  • Base year expense pass-throughs and annual rent increases create an inflation-hedged income stream with minimal landlord involvement.
  • Established medical tenancy led by Genesis Medical Associates and supported by complementary healthcare providers enhances practice cross-referrals and patient traffic.
  • Proximity to major hospital systems provides tenants with access to large patient bases and ensures long-term viability of medical use.
  • Offers investors a turnkey, healthcare-anchored investment in one of Pittsburgh’s strongest and most supply-constrained submarkets.
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8150 Perry HwyPittsburgh, PA 15237
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Listing provided by Revere CRE