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Roget Lerner And Jean-Marc Donics Acquire Office Property In Pittsburgh For $9.3M

Property Image
SOLD
$9,300,000
Roget Lerner

Pennsylvania

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Office69,543 SF
Sold 12/20/2024
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Property Image
SOLD

Roget Lerner And Jean-Marc Donics Acquire Office Property In Pittsburgh For $9.3M

2000 Technology Drive

See Similar Deals
Office69,543 SF
Sold 12/20/2024
Roget Lerner
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Summary

PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$133
Total Square Footage:69,543 SF
Transaction Type:Sale

The property involved in this transaction is an office asset located at 2000 Technology Drive in Pittsburgh, PA. The sale price for the property was $9,300,000, encompassing a total square footage of 69,543, resulting in a price per square foot of $133.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $9,300,000
  • Address: 2000 Technology Drive
  • Market: Pittsburgh, PA
  • Square Footage: 69,543
  • Price per Square Foot: $133
  • Buyer: Roget Lerner & Jean-Marc Donics - American Industrial; Michael Chetrit & Simon Chetrit
  • Seller: Silk Stewart
  • Broker: Kyle Prawdzik - CBRE

Key individuals involved in the transaction include the buyers Roget Lerner and Jean-Marc Donics, representing American Industrial, along with Michael Chetrit and Simon Chetrit. The brokerage firm facilitating the sale was CBRE, with Kyle Prawdzik serving as the broker representing the seller, Silk Stewart.

Players

Kyle Prawdzik
2 deals$24.3M volume
BROKER

Roget Lerner
7 deals$86.4M volume
BUYER

Details

SOLD
IMAGE: Kyle Prawdzik, Roget Lerner, Michael Chetrit & Simon Chetrit DATE: 12/20/2024 ADDRESS: 2000 Technology Drive MARKET: Pittsburgh, PA ASSET TYPE: Office BUYER: Roget Lerner & Jean-Marc Donics - American Industrial; Michael Chetrit & Simon Chetrit SELLER: Silk Stewart BROKER: Kyle Prawdzik (@Wakeboardpgh) - CBRE (@CBRE) SALE PRICE: $9,300,000 SF: 69,543 ~ PPSF: $133

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$496,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94