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3011 Washington Pike

The Niki Group Acquires 38,203 Square Foot Retail Center In Bridgeville For $10.6 Million
SOLDRetail

The Niki Group Acquires 38,203 Square Foot Retail Center In Bridgeville For $10.6 Million

3011 Washington Pike

$10,600,000

$277/SF

Building Size

38,203 SF

Asset Type

Retail

Closing

Jul 17, 2025

AI

The Niki Group acquired a retail center known as The Crossings at South Fayette, located at 3011 Washington Pike in Bridgeville, PA. The transaction was completed on July 17, 2025, for a price of $10,600,000. The asset encompasses a total area of 38,203 square feet, which translates to a price per square foot of $277.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,600,000
  • Sale Date: 07/17/2025
  • Square Footage: 38,203
  • Price Per Square Foot: $277
  • Address: 3011 Washington Pike
  • Market: Bridgeville, PA
  • Buyer: The Niki Group
  • Broker Representatives: Dean Zang & David Crotts - Marcus & Millichap

Dean Zang and David Crotts of Marcus & Millichap represented the local seller in this transaction and were responsible for sourcing the buyer. Tenants at the retail center include ALDI, Starbucks, and Chipotle.

Players

Dean Zang

Institutional Property Advisors

Broker

$193.9M

vol

18 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
The Niki Group
The Niki GroupBuyer

Bridgeville 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

1.50%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93