100 ROSS STREET Pittsburgh, PA 15219
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100 ROSS STREET Pittsburgh, PA 15219 All SVN® Offices Independently Owned & Operated. ©2020 All Rights Reserved. DISCLAIMER The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness Jason Campagna thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. Managing Director | Senior Advisor (412) 535-5756 This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions [email protected] of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Andreas Kamouyerou Brochure or making an offer to purchase the Property unless and until the Owner executes Senior Advisor and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in (412) 535-8062 Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any [email protected] liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any SVN | Three Rivers Commercial Advisors prospective purchaser should not rely on any such correspondence or statements as binding 309 Smithfield Street, 5th Fl, Pittsburgh, PA 15222 Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each P: 412-535-8050 | F: 412-535-6855 prospective purchaser proceeds at its own risk. E: [email protected] www.SVNThreeRivers.com All SVN® offices independently owned and operated. 2 | EXECUTIVE SUMMARY SVN | Three Rivers Commercial Advisors is pleased to present this rare opportunity to purchase a 5-story office building, in Downtown Pittsburgh. It offers an attractive combination of in- place revenues, strong tenant roster and a tremendous upside for the future owner. 100 Ross Street is an office building comprised of 53,056 SF with street retail along the corner of Ross Street and First Avenue, with visibility to Grant Street and Boulevard of the Allies in Downtown Pittsburgh. Its ideal location offers access to and from the city via I-376 E, I-376 W, I-279 N, and the Smithfield Street Bridge and it is within walking distance to Market Square, Station Square, and the Cultural District. • 100 Ross Street is a 5-story Office building located in Down- town Pittsburgh. • Built in 1891 and renovated in 1995 • Elevators side of building built in 1925, older side of building built pre-1900. • Roofs replaced: elevator side - 2018. Stair towers, penthouse and elevator tower - 2014 • Elevator replaced in 2006. Manual elevator replaced with auto- matic hydraulic. • LED lighting installed throughout building in 2018. • Exposed aggregated sidewalk installed in 2013 and sealed SVN | Three Rivers Commercial Advisors 309 Smithfield Street, 5th Fl, Pittsburgh, PA 15222 yearly. P: 412-535-8050 | F: 412-535-6855 E: [email protected] www.SVNThreeRivers.com All SVN® offices independently owned and operated. | 3 BUILDING HIGHLIGHTS ADDRESS: 100 Ross Street | Pittsburgh, PA 15219 BUILDING SF: 53,242 SF PARCEL ID: 0002-J-00244-0000-00 RSF: 53,056 SF LOT SIZE: 10,088 SF OCCUPANCY: 79.8% Located between First Avenue and Boulevard # OF STORIES: 5 LOCATION: of the Allies on Ross Street, parallel to Grant Street near the I-376 on/off ramps. Located next to multiple surface lots PARKING: and parking garages Mixture of law offices and other professional TENANCY: services YEAR BUILT: 1891 ASKING PRICE: $4,635,000 4 | PARCEL OVERVIEW 96.00 105.73 0002-J-00244 96.00 104.22 90.08 | 5 E NORTH AVE Tripoli St Thropp St East St Middle St Suismon St Fedaral St James St Moravian Way Shawano St W NORTH AVE Foreland St Emlin N COMMONS Middle St Brighton Rd W North Ave CEDAR AVE E OHIO ST Buttercup Way Avery St Beech Ave Rope Way Lockhart St Galveston Ave Allegheny Ave E COMMONS 1-279 Dounton Way W Ohio St COMMONS W Pressley St Western Ave RIDGE AVE Maolis Way E NORTH AVE Tripoli St Canal St Thropp St N Lincoln Ave East St DAVID MCCULLOUGH BRIDGE Middle St Suismon St STOCKTON AVE Fedaral St James St Moravian Way S COMMONS Shawano St Ridge Ave W NORTH AVE Foreland St I-2791-279 Emlin W Gen. Robinson St. River Ave PENN AVE N COMMONS Anderson St. Middle St 1-579 Sandusky St. 16TH ST Reedsdale St 2 FEDERAL ST. 15TH ST Brighton Rd W North Ave CEDAR AVE E OHIO ST 2 TO STRIP Buttercup Way Avery St ~ W GEN. ROBINSON ST. 25 DISTRICT Art Rooney Ave Isabella St. M Beech Ave Rope Way i PENN AVE RACHEL CARSON BRIDGE n Mazeroski Way u 18 Lockhart St te Galveston Ave Allegheny Ave E COMMONS W N SHORE DR. 1-279 W COMMONS W a Dounton Way W Ohio St lk ANDY WARHOL BRIDGE LIBERTY AVE. CASINO DR. 14TH ST Pressley St HEINZRIDGE FIELD AVE PNC PARK 13TH ST Western Ave 12 ROBERTO CLEMENTE BRIDGE 16 3 Waterfront Pl Maolis Way N SHORE DR. 19 21 10TH ST SMALLMAN ST Canal St N Shore Dr. N Lincoln Ave 9 DAVID MCCULLOUGH BRIDGE STOCKTON AVE Mulberry Way Tripoli St 12TH ST FORT DUQUESNE BRIDGE E NORTH AVE N Shore Dr. S COMMONS BIGELOW BLVD Thropp St Ridge Ave DAVID L. LAWRENCE CONVENTION CENTER East St 9TH ST EAST BUSWAY Middle St 11TH ST Suismon St I-2791-279 Fedaral St TO EAST END James St 8TH ST French St NORTH 10TH ST BYPAVASS W Gen. Robinson St. River Ave PENN AVE PENN AVE Moravian Way ALLEGHENY RIVER Garrison Pl 7TH ST Shawano St 10TH ST Anderson St. 6 k l 1-579 Sandusky St. a Maddock Pl 16TH ST Foreland St W NORTH AVE Manilla St Reedsdale St FEDERAL ST. 15TH ST 2 W 7 6TH ST A e PENN AVE t 2 FORT DUQUESNE BLVD 3 Emlin u 1 TO STRIP LIBERTY AVE Tito Way 6 N COMMONS n ~ Exchange Way DISTRICT W GEN. ROBINSONi ST. 25 Arthur St 8 Middle St Art Rooney Ave Isabella St. M Webster Ave M i 15 4 PENN AVE RACHEL CARSON BRIDGE n BEDFORD AVE Mazeroski Way 5 u 5 Robert St STANWIX ST t 11 Wylie Ave 18 2 e W Brighton Rd N SHORE DR. ~ W North Ave CEDAR AVE a SEVENTH AVE FULLERTON ST PENNlk AVE 20 E OHIO ST ANDY WARHOL BRIDGE 13 Avery St COMMONWEALTH PL LIBERTY AVE. Buttercup Way LIBERTY AVE 14TH ST CASINO DR. SMITHFIELD ST FIFTH AVE CRAWFORD ST Arthur St HEINZ FIELD 13THSTRAWBERRY ST WAY PNC PARK Rope Way GRANT ST 12 ROBERTO CLEMENTE BRIDGE Beech Ave 22 Waterfront Pl Wylie Ave 3 7 Lockhart St 16 Allegheny Ave Galveston Ave P O I N T E COMMONS 1-279 N SHORE DR. SIXTH 19AVE COMMONS W 21 Dounton Way W Ohio St 1-579 S TAT E PA R K 1-279 10TH ST SMALLMAN ST N Shore Dr. LIBERTY AVE WOOD ST Wylie Ave Pressley St 9 RIDGE AVE WASHINGTON PL South Side Trail Western Ave Graeme St OLIVER AVE Delray St Tripoli St 1 Mulberry Way E NORTH AVE MARKET ST MaolisMcMasters Way Way 5 FORT DUQUESNE BRIDGE 12TH ST Thropp St N Shore Dr. 10 BIGELOW BLVD East St Canal St SIXTH AVE DAVID L.