Northmarq Represents $7.1M Retail Sale In Pittsburgh, PA
SOLD
$7,100,000
Pennsylvania
See Similar DealsRetail13,575 SF
Sold 10/31/2022
SOLD
Northmarq Represents $7.1M Retail Sale In Pittsburgh, PA
415 South 27th Street, Pittsburgh, Pennsylvania 15203, United States
See Similar DealsRetail13,575 SF
Sold 10/31/2022
Summary
PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$523
Total Square Footage:13,575 SF
Transaction Type:Sale
The retail property located at 415 S 27th St in Pittsburgh, Pennsylvania has been sold for a price of $7,100,000. The property spans a total of 13,575 square feet, resulting in a price per square foot of $523. The transaction took place on 10/31/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,100,000
- Address: 415 S 27th St, Pittsburgh, Pennsylvania
- Square Footage: 13,575
- Price per Square Foot: $523
- Date: 10/31/2022
- Broker: Asher Wenig - Northmarq
Asher Wenig from Northmarq represented the parties involved in this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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