3 Crossings - 2501 & 2555 Smallman Street

Off-Market

2501 Smallman Street, Pittsburgh, PA 15222

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 128,011 SF
  • Lot Size 1.81 Acre
  • Parking Spaces Avail. 172
  • Parking Ratio 1.35 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Certified Gold
  • Building Class A
  • Year Built 2016

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 21 May, 2020
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Pittsburgh

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Pittsburgh Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $27.21
  • 2022 Office Vacancy Rate 19.16%
  • 2022 Office Completions (SF) 1,204,622

Pittsburgh Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $136.18
  • Y-o-Y Avg. PpSF Change 3.73%
  • 2022 Office Sales Volume $126.3M
  • 2022 Number of Transactions 8
View more Pittsburgh market trends

Location

Getting Around

  • Walk Score ®

    78/100 Very Walkable
  • Transit Score ®

    57/100 Good Transit
  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • City Pittsburgh, PA
  • Neighborhood Strip District
  • Zip Code 15222
  • Market Pittsburgh

Points of Interest

  • Pittsburgh Union Station

    0.93 miles

  • Steel Plaza

    1.21 miles

  • Steel Plaza

    1.29 miles

  • Wood Street

    1.33 miles

  • Gateway

    1.54 miles

  • First Avenue

    1.59 miles

  • North Side

    1.62 miles

  • Station Square

    2.01 miles

  • Allegheny

    2.02 miles

  • South Hills Junction

    2.73 miles

  • EQT Natural Gas for Vehicles

    0.43 miles

  • Shell

    0.73 miles

  • Sunoco Gas Station

    1.07 miles

  • GetGo

    1.36 miles

  • Sunoco Gas Station

    1.52 miles

  • Sunoco

    1.62 miles

  • Sunoco

    1.68 miles

  • Sunoco

    1.76 miles

  • A Plus

    1.80 miles

  • GetGo

    1.84 miles

  • Cork Factory Garage

    0.10 miles

  • 2340 Smallman St. Parking

    0.12 miles

  • The Hub at 3 Crossings

    0.13 miles

  • 1949 Penn Ave Lot

    0.33 miles

  • West Penn Field Parking Lot

    0.44 miles

  • West Penn Community Parking Lot

    0.55 miles

  • Immaculate Heart of Mary Parking

    0.60 miles

  • Melody Parking Lot

    0.90 miles

  • Grant Street Transportation Center

    0.95 miles

  • East Parking Lot

    1.03 miles

  • Stay Alfred at 1627 on The Strip

    0.51 miles

  • Homewood Suites by Hilton Pittsburgh Downtown

    0.68 miles

  • Hampton Inn & Suites Pittsburgh-Downtown

    0.82 miles

  • AC Hotel by Marriott Pittsburgh Downtown

    0.94 miles

  • The Priory

    0.94 miles

  • The Westin Convention Center Pittsburgh

    1.05 miles

  • Cambria Hotel Pittsburgh - Downtown

    1.09 miles

  • Courtyard by Marriott Pittsburgh Downtown

    1.11 miles

  • Drury Plaza Hotel Pittsburgh Downtown

    1.12 miles

  • The Allegheny Inn

    1.14 miles

  • Edgar's Best Tacos

    0.09 miles

  • Pizzeria Davide

    0.10 miles

  • DiAnoia's Eatery

    0.10 miles

  • Kelly O's Diner in the Strip

    0.10 miles

  • Osteria 2350

    0.11 miles

  • Coop de Ville

    0.12 miles

  • Cioppino Restaurant & Cigar Bar

    0.13 miles

  • Savoy

    0.14 miles

  • Pane e Pronto

    0.15 miles

  • Bar Marco

    0.18 miles

  • North Catholic High School

    0.44 miles

  • Pittsburgh Gifted Center

    0.54 miles

  • Robert Lee Vann Elementary School

    0.63 miles

  • Central Academy

    0.65 miles

  • Schiller Classical Academy

    0.66 miles

  • Saint Benedict the Moor School

    0.71 miles

  • W H McKelvy Elementary School

    0.72 miles

  • Weil Technology Elementary School

    0.75 miles

  • A Weil Elementary School

    0.81 miles

  • Saint Ambrosius School

    0.82 miles

  • Allegheny General Hospital Center for Children

    0.98 miles

  • Wee the People Day Care Center

    1.06 miles

  • Oakland Sunshine Daycare

    1.34 miles

  • Small World Early Learning Center

    1.35 miles

  • Magic Castle Day Care Center

    1.40 miles

  • Early Childhood Center

    1.49 miles

  • Robins Nest Day Care Center

    1.77 miles

  • Its A Small World Day Care Center

    1.95 miles

  • Cyert Center for Early Education

    2.07 miles

  • Little Angels Child Care and Learning Center

    2.15 miles

Frequently Asked Questions

What is the total square footage of 3 Crossings - 2501 & 2555 Smallman Street?

3 Crossings - 2501 & 2555 Smallman Street totals 128,011 square feet.

When was 3 Crossings - 2501 & 2555 Smallman Street last sold?

3 Crossings - 2501 & 2555 Smallman Street was last sold on 21 May, 2020.

What is the market value for 3 Crossings - 2501 & 2555 Smallman Street?

The market value* for 3 Crossings - 2501 & 2555 Smallman Street in 2023 was $22,631,100.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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