Westinghouse | Rare Trophy Single Tenant NNN R&D Facility

1332 Beulah Rd, Pittsburgh, PA 15235, USA


Marcus & Millichap is pleased to present for sale this rare trophy single tenant industrial (R&D) facility located at 1332 Beulah Road in Pittsburgh, Pennsylvania. The subject property consists of two buildings comprised of 56,903 square feet of industrial (R&D) space and situated on a large 12.93-acre parcel of land approximately 10 miles East of Downtown Pittsburgh. The property is fully occupied by Westinghouse, a multibillion- dollar corporation with a multitude of products, specialties, and services including but not limited to consumer goods, home goods, electronics, lighting, power, military equipment, government services, and nuclear research. Westinghouse is the world’s leading supplier of nuclear technology and is shaping the future of carbon-free energy
This mission critical location is the company’s only nuclear testing and repair facility and is the only privately-owned facility of its kind in the U.S. Due to the unique nature of the property, build-out, on site operations, and complex equipment, the facility is critical to the company’s business which is reflected in Westinghouse’s continued occupancy since the property’s construction in 1964. With more than 55 years of occupancy, $8M in recent capital expenditures (2012), and recent lease extension, Westinghouse continues to demonstrate their long-term commitment to this site.
The lease features attractive 3 percent annual increases through the Primary Term and in both of the Option Periods. In 2016, Westinghouse extended their lease until April 30, 2031 and currently have around 10 years of initial term remaining in the Absolute NNN lease which provides zero landlord responsibility.
The property is adjacent to Westinghouse’s Technology Center which consists of primarily office usage and developments and just 9 miles from their Global Headquarters. It is also located just minutes from Pittsburgh’s CBD and is easily accessible via both Lincoln Highway and Interstate 376. Pittsburgh is the second largest city in Pennsylvania and the 22nd largest metropolitan area in the U.S. The city has a diverse economy with particularly robust healthcare, education, and energy industries.

  • Rare Trophy Asset | Unique Investment Opportunity
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Westinghouse Corporate Guarantee | Estimated $2.1B Annual Revenue
  • Attractive 3% Annual Rent Increases
  • Long Term Occupancy (55+ Years) | Tenant has Occupied Location Since Original Construction in 1964
  • Long Term Committed Tenant | $8M into Capital Expenditures in 2012
  • Mission Critical Location | Company’s Only Facility of its Kind
  • Prime Location | 10 Miles from Downtown Pittsburgh
  • Just a Few Miles from Tenant’s Global Headquarters


  • City: Pittsburgh
  • State/county: Pennsylvania
  • Zip/Postal Code: 15235
  • Country: United States


  • Price: $18,744,442
  • Year Built: 2012

Additional details

  • CAP RATE: $1,312,112
  • NOI: 7.00%