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CONFIDENTIAL OFFERING MEMORANDUM BROCHURE for Sale > Special Purpose Building HQ Office | Educational | Institutional | Residential 50 Moffett Street, Mt

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CONFIDENTIAL OFFERING MEMORANDUM BROCHURE for Sale > Special Purpose Building HQ Office | Educational | Institutional | Residential 50 Moffett Street, Mt Moffett 50 Street CONFIDENTIAL OFFERING MEMORANDUM BROCHURE For Sale > Special Purpose Building HQ Office | Educational | Institutional | Residential 50 Moffett Street, Mt. Lebanon, PA 15243 Property Highlights > 41,264 SF Building on 3.232 Acres > Located 6 1/2 miles from Downtown Pittsburgh; a short 15 minute drive or ease of access via public bus and light rail train > Abundant on-site parking & free-standing garage building > Significant renovations to the entire building in 2006 > Property is located in R-3 Zoning District > Stunning grounds and tranquil location with private courtyard > Currently used as administrative offices & specialty healthcare facility > Building features include commercial kitchen, multi-purpose room, full gymnasium, and auditorium Contact Us: GREGG BROUJOS COLLIERS INTERNATIONAL | PITTSBURGH REGIONAL PRINCIPAL | PITTSBURGH 525 William Penn Place, Suite 3510 INVESTMENT SERVICES Pittsburgh, PA 15219 412 515 8523 413 321 4200 [email protected] www.colliers.com/pittsburgh Lot & Block >> 142-B-85 Yearly Taxes = $140,534 | Assessment = $4,211,400 This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. TABLE OF CONTENTS 1 FLOOR PLANS ................................................................ 6 2 SITE PLAN ....................................................................... 9 3 PROPERTY OVERVIEW ................................................. 10 4 PROPERTY PHOTOS ...................................................... 11 5 MOUNT LEBANON, PA OVERVIEW .............................. 15 6 PITTSBURGH REGIONAL OVERVIEW .......................... 17 7 MAPS >> RETAIL & SOUTHWESTERN PA .................. 25 8 DEMOGRAPHICS .......................................................... 27 1 GROUND FLOOR PLAN 6 1 1ST FLOOR PLAN 6 7 1 2ND FLOOR PLAN 8 2 SITE PLAN 9 3 PROPERTY OVERVIEW ADDRESS: 50 Moffett Street, Mt. Lebanon, PA 15243 BUILDING SIZE: 41,264 +/- SF; 1st floor = 11,666 SF; 2nd floor = 11,303 SF; lower level = 18,295 SF including gymnasium PARCEL SIZE: 3.232 Acres ZONING: R-3; Low density mixed residential LOT & BLOCK NUMBER: 142-B-85 ALLEGHENY COUNTY ASSESSMENT: $4,211,400; yearly property taxes = $140,534 DATE OF CONSTRUCTION: 1955 DATE OF RENOVATION: 2006; major renovations including new roof, new mechanical systems, parking lot, and significant interior finishes CURRENT USE: Administrative offices and 12 hospice care rooms, featuring a commer- cial kitchen, auditorium, and gymnasium PARKING SPACES: 48 car parking lot plus 13 spaces behind the building; includes a free-standing garage building UTILITIES: All public utilities serve the property FOUNDATION: Poured concrete over reinforced concrete spread footers EXTERIOR WALLS: The exterior walls are brick veneer or concrete block ROOF: The building has a gable roof with asphalt shingles over rigid insula- tion followed by a combination of metal and plywood decking. There is additional batt insulation within the attic area beneath the roof. The roof was replaced at the time of the renovations and is reported to be in good condition WINDOWS: The windows in the building are typically double hung with insulated glass in an aluminum frame. Most of the windows were replaced at the time of the renovations HVAC: Heat is provided by two gas fired boilers that provide hot water to the perimeter of the building. There are three rooftop units that provide air conditioning. All of the HVAC systems were updated at the time of the revocations in 2006 FLOORING: The flooring is concrete slab throughout. The finish flooring includes ceramic tile in the lobby areas, high quality vinyl floor tiles in the patient care areas along with commercial grade carpet squares and hard wood flooring in the common areas PLUMBING: Each patient room is equipped with its own restroom. There are addi- tional restrooms throughout the office area. The majority of the bath- rooms in the facility are ADA compliant ELECTRICAL: Service capacity not available at this time ELEVATORS: There is a Marshall 4,500 lbs. passenger elevator that serves all three levels 10 4 PROPERTY PHOTOS 11 4 PROPERTY PHOTOS 12 4 PROPERTY PHOTOS 13 4 PROPERTY PHOTOS 14 5 MOUNT LEBANON, PA OVERVIEW Mount Lebanon is a township with home rule status, located in Allegheny County. The population is approximately 34,000, with more than 14,000 homes. It is a suburb of Pittsburgh less than seven miles from the city’s Central Business district. Mount Lebanon is an extremely popular place to live and work because it is the only true “urban suburb” in Western PA because of it’s high walkability score and strong demographics. The housing stock in this community is very affordable and diverse, and there is no public school bus program because all of schools are strategically located to allow for all residents to walk their children to school. The Washington Road business district and the Beverly Road business district feature an incredible array of high-quality shopping and dining options, with strong foot traffic from residents and guests. And because the Light Rail Transit (or the “T”, as Pittsburghers like to call it) is one block off of the Washington Road business district, “Mount Lebo” residents can forget about the high cost of garage parking while commuting to downtown Pittsburgh on the T. Or, residents can jump on the southbound T and shop at South Hills Village Mall. Public transportation is also readily available for easy access to the City of Pittsburgh or shopping destinations south of Mount Lebanon. The outdoor recreation life in Mount Lebanon is second to none, as the Township features 14 public parks (including Mount Lebanon Park, Bird Park, and Hoodridge Park), a municipal golf course, an abundance of ball fields, bocce courts, an ice rink, indoor and outdoor tennis, and platform tennis courts. And the public library and recreation center provide strong community building for all residents. The Mount Lebanon School district has a strong national reputation, as well as being ranked in the Top 10 schools in Western PA every year. The largest employer in Saint Clair Hospital, with a wonderful medical facility located on Bower Hill Road, featuring over 300 beds, 600 physicians, and 2,500 employees. And Tree City USA and Niche has named Mt. Lebo the best Pittsburgh suburb. 15 5 MOUNT LEBANON, PA OVERVIEW 16 6 PITTSBURGH REGIONAL OVERVIEW PITTSBURGH Pittsburgh, an historically stable market, rebounded vigorously from the economic downturn of 2008. Pittsburgh’s economy has consistently outperformed the national economy. The Downtown office market has seen similar success. Greater Downtown, including the CBD, is the leading submarket accounting for nearly 36% of Pittsburgh’s total office inventory and is known for achieving some of the highest rental rates. Pittsburgh is headquarters for six Fortune 500 companies. ECONOMIC DRIVERS Five key industry sectors form a balanced, diverse, and dynamic economic base that showcases southwestern Penn- sylvania’s past, present, and future-focused strengths. These fundamentals are energy, finance and business services, healthcare and life sciences, information technology, and advanced manufacturing. In addition to the five key sectors Pittsburgh has some of the best tourist attractions, and top education universities. ENERGY The Pittsburgh region has been a major U.S. energy hub for more than a decade, and the energy, oil and gas industry has continued to be one of the area’s most prominent job growth sectors. The Marcellus Shale formation’s ample supply of natural gas has been an enormous factor in the region’s impact on the energy industry. In 2007, the Marcellus Shale sector accounted for 2% of domestic gas supply, but this figure jumped to nearly 18% at the end of 2015. Marcellus Shale is now thought to contain 500 trillion cubic feet of natural gas. Due in part to this resource, the oil giant Shell an- nounced in 2016 that it will build a $6 billion “ethane cracker” plant along the Ohio River near Pittsburgh. 2015. Dubbed a “super-giant” find by energy companies, Marcellus Shale is now thought to contain 500 trillion cubic feet of natural gas. The plant will employ about 600 people permanently. Additionally, in October of 2014 Chevron announced a $20M donation to workforce development and STEM education in the Pittsburgh tri-state area. VENTURE CAPITAL INVESTMENTS IN PITTSBURGH START-UPS DOUBLED IN 2019 FROM 2018 TOTAL The company chose the site because of its proximity to liquids-rich natural gas, which will create shorter and more reli- able supply chains than comparable facilities on the U.S. Gulf Coast. Construction of this facility will create an estimated 6,000 construction jobs and be the equivalent to the construction of 25 major sports stadiums. Commercial operation, due to begin
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