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
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