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State Farm Claims Bldg 191 Wyngate Dr

10,635 SF Office Building Monroeville, PA 15146 For Sale

Investment Highlights

  • Fully Leased, Single Tenant: lease runs through June 2032
  • Located along bustling Route 22, featuring ample restaurunts, bars, and retailers
  • Vital connection point for Interstate 376
  • Less than a mile from Monroeville Mall
  • Less than 20 minutes from Downtown Pittsburgh
  • Value add

Executive Summary

Colliers is proud to present 191 Wyngate Drive (The “Property”), an attractive opportunity to own a fully occupied, single tenant, net lease that runs through June 2032. All 10,141 SF of the site is occupied by Advanticom, a leading technology provider founded in 1995. The property underwent extensive interior capital improvements in 2016, resulting in sleek, modern, and open floor plans desired by today’s office occupiers. Ample parking is available, with an above market parking ratio of 8/1,000 SF.
Nestled within the heart of the Monroeville submarket, the Property offers immediate access to key economic and recreational demand drivers. The nearest Pennsylvania Turnpike Interchange is less than 1.5 miles from the Property and provides access throughout the region. With a single tenant on a net lease, the Property presents the landlord with limited responsibilities. On top of the repairs, taxes, insurance, utilities, the tenant is responsible for their prorated share of any building capital expenditure, amortized over the balance of the remaining term.
Advanticom, headquartered in Pittsburgh, is a consulting organization specializing in Lean IT and the advancement of IT departments. They cater to numerous local enterprises, offering a range of services, including Managed IT Services, Security Managed Services, Microsoft Infrastructure solutions, and both on-premises and cloud-based solutions. Notably, they hold the distinction of being the pioneer VOIP provider in Pittsburgh, serving as a voice and data technology integrator with certified PMPs. In a significant achievement, they became the inaugural ISO 27001 certified managed services firm in 2016.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
10,635 SF
Building Class
C
Year Built
1980
NOI
$166,852 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,635 SF
Building FAR
0.14
Lot Size
1.76 AC
Zoning
C-2 - Commercial
Parking
85 Spaces (8 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Accent Lighting
  • Air Conditioning
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0744-A-00260-0000-00
Land Assessment
$860,435 CAD
Improvements Assessment
$296,750 CAD
Total Assessment
$1,157,186 CAD
  • Listing ID: 31588749

  • Date on Market: 2024-04-23

  • Last Updated:

  • Address: 191 Wyngate Dr, Monroeville, PA 15146

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