One Monroeville Center
3824 Northern Pike, Monroeville, Pennsylvania | $16,000,000
The 101,516 square foot Class A medical office building attracted national investor interest through the strength of its tenancy, location and healthcare system support.
One Monroeville Center occupies an important position in the Pittsburgh region’s outpatient healthcare network. The approximately 101,516 square foot medical office building is anchored by Allegheny Health Network’s Premier Medical Associates and supported by a corporate guarantee from Highmark Health.
Its location adds to the investment case. The property sits near both UPMC East Hospital and AHN Forbes Hospital, placing it within an established medical corridor and close to two major sources of healthcare demand. Zeustra presented that combination of scale, tenancy and location to a national field of healthcare real estate investors.
The resulting competition led to a successful closing at $16 million. Zeustra’s medical property data and marketplace helped qualified buyers evaluate the asset and supported a disciplined transaction from launch through closing.
Seller representative Vince Neece described the process this way: “Zeustra created strong investor competition and delivered a seamless process from start to finish. Their proprietary medical data platform and marketplace maximized the value of our asset.”
For owners of larger medical office properties, One Monroeville Center demonstrates the value of reaching beyond local buyer channels. A healthcare-specific national process can connect an asset with investors who understand the durability of outpatient demand and the significance of health system credit.
Considering a sale of physician-owned or healthcare real estate? Contact Zeustra to discuss valuation, timing and the buyer strategy for your property.
