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

Property Image
SOLD
$1,875,000
Adam Silber
Erick Vaysman

Pennsylvania

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Retail2,584 SF
Sold 12/16/2024
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Property Image
SOLD

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

8136 Ohio River Boulevard

See Similar Deals
Retail2,584 SF
Sold 12/16/2024
Adam Silber
Erick Vaysman
the dealplayerscompscontact
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Summary

PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$725
Total Square Footage:2,584 SF
Transaction Type:Sale

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:

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.

Players

Adam Silber
Silber Investment Properties
Adam Silber
7 deals$36.9M volume
BROKER
Erick Vaysman
Silber Investment Properties
Erick Vaysman
2 deals$4.9M volume(631) 626-8324
BROKER

Details

SOLD
IMAGE: 12/16/2024 ADDRESS: 8136 Ohio River Boulevard MARKET: Pittsburgh ASSET TYPE: Retail ~ ACRES: 0.52 BUYER: Petrakis Realty Group SELLER: Perma Investments LLC BROKERS: Adam Silber & Erick Vaysman - Silber Investment Properties SALE PRICE: $1,875,000 SF: 2,584 ~ PPSF: $726 NOTE: Petrakis Realty Group acquired a 2,584-square-foot 7-Eleven property in Pittsburgh for $1.875M at a 5.6% cap rate. The net-leased property, featuring eight gas pumps, is leased through 2027.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$100,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,888.46
Annual Debt Service$106,661.48