Petrakis Realty Group Acquires 7-Eleven Property In Pittsburgh For $1.875M With Silber Investment Properties

The property asset involved in this transaction is a retail space located at 8136 Ohio River Boulevard in Pittsburgh. The sale price for the net-leased 7-Eleven property was $1,875,000. This asset spans 2,584 square feet and has a cap rate of 5.6%, with a land area of 0.52 acres. The property is set to remain leased through 2027 and features eight gas pumps.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,875,000
• Address: 8136 Ohio River Boulevard
• Market: Pittsburgh
• Square Feet: 2,584
• Price Per Square Foot: $726
• Buyer: Petrakis Realty Group
• Seller: Perma Investments LLC
• Brokers: Adam Silber & Erick Vaysman - Silber Investment Properties

The key individuals involved in the transaction include Petrakis Realty Group as the buyer and Perma Investments LLC as the seller. The brokers representing the transaction are Adam Silber and Erick Vaysman from Silber Investment Properties.