Updated Dec 4, 2024
Hanna Commercial Real Estate Leases Retail Space To Dick's House Of Sport At Pittsburgh Mall
1000 Ross Park Mall Drive
Building Size
126,000 SF
Asset Type
Retail
Closing
Jun 5, 2024
About this deal
AI
The property at 1000 Ross Park Mall Drive in Pittsburgh is a 126,000-square-foot retail space, which now houses Dick's House of Sport. The location boasts a 20,000-square-foot outdoor practice facility, offering an immersive experience for customers, along with a diverse selection of sporting equipment.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Dick's House of Sport
- Tenant's Representative: Jamey Yarish & Kevin Langholz - Hanna Commercial Real Estate
- Lease Date: 06/05/2024
- Address: 1000 Ross Park Mall Drive
- Market: Pittsburgh
Jamey Yarish and Kevin Langholz of Hanna Commercial Real Estate played a pivotal role in facilitating the lease agreement for Dick's House of Sport in their first venture into the Pittsburgh area. The duo ensured that the 126,000-square-foot space, complete with the innovative outdoor practice facility, met the requirements for providing an extensive selection of sporting gear and immersive experiences to the customers.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93