BUTLER OFFICE BUILDING FOR SALE€¦ · • Professional services tenants; 100% occupied • Very...
Transcript of BUTLER OFFICE BUILDING FOR SALE€¦ · • Professional services tenants; 100% occupied • Very...
SVN | THREE RIVERS COMMERCIAL ADVISORS | 309 SMITHFIELD STREET, 5TH FLOOR, PITTSBURGH, PA 15222 SALE BROCHURE
BUTLER OFFICEBUILDING FORSALE1022A N MAIN ST EXTBUTLER, PA 16001
John [email protected]
OFFERING SUMMARY
Sale Price: $1,800,000
Cap Rate: 7.79%
NOI: $140,255
Building Size: 12,000 SF
Price / SF: $150.00
SVN Three Rivers Commercial Advisors is pleased to present this opportunity to acquire a 100% occupied office buildingin Butler, Pennsylvania. The two story building is home to seven medical and professional tenants. Parking is abundant.The location has excellent visibility on Route 8, just south of the Route 8 & Route 422 interchange. The property has beenvery well maintained and has absolutely no deferred maintenance.
Butler is the county seat of Butler County and located 35 miles north of Pittsburgh. The city is a past recipient of "the 7thbest small town in America" by Smithsonian magazine.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Excellent visibility
• Abundant parking
• Professional services tenants; 100% occupied
• Very well maintained building
• Tenants pay own utilities
Property Summary
1022A N MAIN ST EXT BUTLER, PA 16001 SVN | Three Rivers Commercial Advisors | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
1022A N MAIN ST EXT BUTLER, PA 16001 SVN | Three Rivers Commercial Advisors | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Interior Photos
1022A N MAIN ST EXT BUTLER, PA 16001 SVN | Three Rivers Commercial Advisors | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Exterior Photos
1022A N MAIN ST EXT BUTLER, PA 16001 SVN | Three Rivers Commercial Advisors | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Location Maps
1022A N MAIN ST EXT BUTLER, PA 16001 SVN | Three Rivers Commercial Advisors | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
INCOME SUMMARY 2017 PER SF
Rental Income $187,200 $15.60
Gross Income $187,200 $15.60
EXPENSE SUMMARY 2017 PER SF
Property Taxes $13,482 $1.12Cleaning $7,872 $0.66Trash Removal $1,200 $0.10Landscaping & Snow Removal $11,213 $0.93Repairs & Maintenance $7,673 $0.64Water & Sewage $2,837 $0.24Other $2,668 $0.22
Gross Expenses $46,945 $3.91
Net Operating Income $140,255 $11.69
Income & Expenses
1022A N MAIN ST EXT BUTLER, PA 16001 SVN | Three Rivers Commercial Advisors | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Parcel Outline
1022A N MAIN ST EXT BUTLER, PA 16001 SVN | Three Rivers Commercial Advisors | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
POPULATION 1 MILE 5 MILES 10 MILES
Total population 3,910 53,300 93,047
Median age 42.6 41.9 42.2
Median age (Male) 42.9 40.4 40.8
Median age (Female) 43.0 43.4 43.6
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
Total households 1,758 22,536 38,279
# of persons per HH 2.2 2.4 2.4
Average HH income $66,462 $58,115 $60,970
Average house value $164,716 $164,172 $178,478
* Demographic data derived from 2010 US Census
Demographics Map & Report
309 Smithfield Street, 5th FloorPittsburgh, PA 15222T 412.535.8060C [email protected]
PROFESSIONAL BACKGROUND
John Westermann serves as an Advisor for SVN | Three Rivers Commercial Advisors, specializing in office properties. As acommercial real estate professional, he has developed an extensive network of owners and investors of commercialproperty in the Pittsburgh and southwestern Pennsylvania markets. With his clients, John strives to create workingrelationships built on competence and trust.
John’s professional background includes commercial banking and management consulting. This experience gives himthe ability to understand his clients’ commercial property goals and requirements, and to quickly identify solutions tomeet those needs.
John is a long-time resident of the Pittsburgh area. He and his wife make their home in Penn Hills. John is a licensed realestate agent in Pennsylvania.
JOHN WESTERMANN
Advisor
1022A N MAIN ST EXT BUTLER, PA 16001 SVN | Three Rivers Commercial Advisors | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Advisor Bio & Contact