OFFERING MEMORANDUM 282 MOREWOOD AVE. - OFFICE A OFFICE INVESTMENT OPPORTUNITY 282 MOREWOOD AVENUE, PITTSBURGH, PA KEANE GEORGE

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1 KEANE GEORGE JASON CAMPAGNA A OFFICE INVESTMENT OPPORTUNITY 282 MOREWOOD AVE. - OFFICE 282 MOREWOOD AVENUE, PITTSBURGH, PA OFFERING MEMORANDUM KEANE GEORGE (T) JASON CAMPAGNA (T) This information is given without representation or warranty. It should be verified independently and is subject to change, correction, prior sale, lease or withdrawal without notice.

2 TABLE OF CONTENTS TABLE OF CONTENTS Contents PROPERTY INFORMATION LOCATION INFORMATION DEMOGRAPHICS Presented By Disclaimer All materials and information received or derived from Pittsburgh Commercial Advisors with Keller Williams Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither Pittsburgh Commercial Advisors with Keller Williams Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. Pittsburgh Commercial Advisors with Keller Williams Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Pittsburgh Commercial Advisors with Keller Williams Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Pittsburgh Commercial Advisors with Keller Williams Commercial does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Pittsburgh Commercial Advisors with Keller Williams Commercial in compliance with all applicable fair housing and equal opportunity laws. Page 2

3 KEANE JASON GEORGE CAMPAGNA SENIOR ADVISOR A OFFICE INVESTMENT OPPORTUNITY 282 MOREWOOD AVE. - OFFICE 282 MOREWOOD AVENUE, PITTSBURGH, PA 1. PROPERTY INFORMATION KEANE GEORGE (T) JASON CAMPAGNA (T) This information is given without representation or warranty. It should be verified independently and is subject to change, correction, prior sale, lease or withdrawal without notice.

4 1 PROPERTY INFORMATION EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $720,000 Price / SF: $ Lot Size: 0.06 Acres Building Size: 5400 SF Renovated: 2006 Zoning: Commercial PROPERTY HIGHLIGHTS Rare- High-end loft style office space in the highly sought after sub-market of Oakland. Property nestled right in between 2 prime neighborhoods: Shadyside and Oakland. Only 3 miles from downtown Pittsburgh. Close proximity to several Universities, hospitals, and public transportation. Completely remodeled in Opportunity for excellent signage near the Baum-Centre corridor. Update - 40% of the First Floor was recently leased for $1250/month plus utilities. Market: Pittsburgh Submarket: Oakland Page 4

5 1 PROPERTY INFORMATION PROPERTY DESCRIPTION PROPERTY OVERVIEW Pittsburgh Commercial Advisors with Keller Williams Commercial is pleased to present this high end office building located in the sub-market of Oakland for sale and/or lease. Each floor consists of high end loft style office space. Building was completely renovated in 2006; renovations included, but not limited to, new elevator, emergency stairs, ADA restrooms, new flooring, kitchenettes, etc. Ideal acquisition for an owner occupant to occupy part of the space while having an additional income stream from the remainder of the building. LOCATION OVERVIEW Elegant office building nestled right in between two very prime neighborhoods: Oakland and Shadyside. It located across for UPMC Center and right down the street from UPMC Shadyside Hospital. Building is located a just 3 miles from Downtown Pittsburgh. Page 5

6 1 PROPERTY INFORMATION PROPERTY DETAILS PROPERTY NAME: PROPERTY ADDRESS: PROPERTY TYPE: LOT SIZE: BUILDING CLASS: ZONING: CROSS STREETS: 282 Morewood Ave. - Office 282 Morewood Avenue Pittsburgh, PA Office 0.06 AC A Commercial Morewood Ave & Centre Avenue NUMBER OF STORIES: 3 NUMBER OF UNITS: 3 Page 6

7 1 PROPERTY INFORMATION ADDITIONAL PHOTOS Page 7

8 KEANE JASON GEORGE CAMPAGNA SENIOR ADVISOR A OFFICE INVESTMENT OPPORTUNITY 282 MOREWOOD AVE. - OFFICE 282 MOREWOOD AVENUE, PITTSBURGH, PA 2. LOCATION INFORMATION KEANE GEORGE (T) JASON CAMPAGNA (T) This information is given without representation or warranty. It should be verified independently and is subject to change, correction, prior sale, lease or withdrawal without notice.

9 2 LOCATION INFORMATION REGIONAL MAP 282 Morewood Avenue Page 9

10 2 LOCATION INFORMATION LOCATION MAPS Page 10

11 2 LO C AT I O N I N F O R M AT I O N AERIAL MAP Page 11

12 KEANE JASON GEORGE CAMPAGNA SENIOR ADVISOR A OFFICE INVESTMENT OPPORTUNITY 282 MOREWOOD AVE. - OFFICE 282 MOREWOOD AVENUE, PITTSBURGH, PA 3. DEMOGRAPHICS KEANE GEORGE (T) JASON CAMPAGNA (T) This information is given without representation or warranty. It should be verified independently and is subject to change, correction, prior sale, lease or withdrawal without notice.

13 3 DEMOGRAPHICS DEMOGRAPHICS REPORT 1 MILE 2 MILES 3 MILES Total households 19,250 52,103 86,397 Total persons per hh Average hh income $60,666 $57,736 $57,434 Average house value $291,729 $256,009 $201,942 1 MILE 2 MILES 3 MILES Total population 40, , ,282 Median age Median age (male) Median age (female) * Demographic data derived from 2010 US Census Page 13

14 3 DEMOGRAPHICS DEMOGRAPHICS MAP POPULATION 1 MILE 2 MILES 3 MILES TOTAL POPULATION 40, , ,282 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES TOTAL HOUSEHOLDS 19,250 52,103 86,397 # OF PERSONS PER HH AVERAGE HH INCOME $60,666 $57,736 $57,434 AVERAGE HOUSE VALUE $291,729 $256,009 $201,942 * Demographic data derived from 2010 US Census Page 14

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