800 Manor Dr - Health Care FOR SALE


Washington, PA 15301
$10,407,000 USD
412-867-9899
800 Manor Dr, Washington, PA for Sale
$10,407,000 USD
Health Care - FOR SALE
1/1
null | 9.5% Cap Rate

800 Manor Dr
Washington, PA 15301


OVERVIEW

CBRE is pleased to present to qualified investors the opportunity to acquire GRC Advanced Recovery Network’s Inpatient Facility located at 800 Manor Drive, Washington, PA 15301 (the “Property”). Also known as the Gateway Rehabilitation Center, the Property is a 40,519 SF, 2-story, 62-bed inpatient medical facility that is a 100% occupied net lease that runs through June-2032. The Property resides on a 3.10 acre parcel and is serviced by an adjacent 57 space surface parking lot. GRC Advanced Recovery Network is a network of addiction and mental health disorder treatment facility that specializes in drug & alcohol detoxification and inpatient rehabilitation services to the greater Pittsburgh MSA. There are currently 17 locations throughout the Pittsburgh MSA, with 800 Manor Drive being one three inpatient detoxification facilities. Other services offered by the GRC Advanced Recovery Network includes outpatient rehab, clinical workplace training, and recovery support services. As of July-2022, Gateway Rehabilitation Centers acquired the Greenbriar Treatment Centers from the Washington Health Hospital System. As leading providers of drug & alcohol related health services in the Pittsburgh MSA, the merger has enabled communities and individuals to have a streamlined and centralized system to coordinate care for patients while continuing to have access to high quality addiction and recovery treatments at a reasonable cost. They recently rebranded both companies as GRC Advanced Recovery Network. The Property is located directly off Interstate 79, which provides immediate connectivity to Interstate 70 and Route 19, which act as the main thoroughfares throughout the entire Pittsburgh MSA. This premier location and accessibility provides easy access for employees, patients, and visitors regardless of their location in the Pittsburgh MSA and has access to suburban communities, Downtown Pittsburgh (29 Miles) and Pittsburgh International Airport (34 Miles).

FOR SALE DETAILS

PRICE

$10,407,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenbriar Treatment Center

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

135,036 SF

ZONING

C

APN/PARCEL ID

6000050700000300

ASK ABOUT THIS PROPERTY

412-867-9899

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412-867-9899

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