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1000 Ross Park Mall Drive

Hanna Commercial Real Estate Leases Retail Space To Dick's House Of Sport At Pittsburgh Mall
LEASEDRetail

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

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:

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.

Players

Kevin Langholz

Hanna Commercial Real Estate

Broker

1 deal

Broker

Pittsburgh Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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