Roget Lerner And Jean-Marc Donics Acquire Office Property In Pittsburgh For $9.3M
2000 Technology Drive
$9,300,000
$133/SF
Building Size
69,543 SF
Asset Type
Office
Closing
Dec 20, 2024
AI
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
Pittsburgh Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93