Kohan Retail Investment Group Acquires Retail Property In Pittsburgh For $46M
100 Robinson Center Drive, Pittsburgh, Pennsylvania 15205, United States
$46,000,000
$52,631/SF
Building Size
874 SF
Asset Type
Retail
Closing
Nov 30, 2022
AI
A retail property located at 100 Robinson Centre Drive in Pittsburgh, Pennsylvania has been sold for a price of $46,000,000. The property spans an area of 874,553 square feet and is situated on approximately 155 acres. The sale was completed on November 30, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $46,000,000
- Address: 100 Robinson Centre Drive, Pittsburgh, Pennsylvania
- Market: Pittsburgh, Pennsylvania
- Size: 874,553 square feet
- Acres: 155
The buyer, Kohan Retail Investment Group, acquired the property from QIC US Management Inc. The sale was facilitated by David Monahan, Claudia Steeb, Cameron Pittman, and Emerson Pierce from JLL Capital Markets.
Players
Pittsburgh Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93