Updated Jul 22, 2025
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
About this deal
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.
On the Map
$10,600,000
$277/SF
Retail
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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