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Stone Quarry Commons
100% Occupied, Net Leased Shopping Center – Pittsburgh, PA

Newmark Knight Frank is please to exclusively offer for sale, Stone Quarry Commons, a 67,407 SF retail center located in Monaca, PA, a suburb of Pittsburgh.  The subject is 100% occupied by three strong NNN tenants--Marshalls, Ross Dress for Less, and Famous Footwear, and is shadow-anchored by Target and Kohl’s.

Stone Quarry is 25 miles NW of Pittsburgh CBD and 20 minutes from the Pittsburgh International Airport.  The site has good access and visibility. It is ½ mile from the Beaver Valley Expressway (I-376) and part of the major retail corridor, which includes 1.1M SF Beaver Valley Mall, numerous retail centers and hotels.

The property benefits from its close proximity to the multibillion-dollar Royal Dutch Shell petrochemical ‘Cracker’ plant, now under construction.  The plant is associated with the Marcellus Shale natural gas industry and was a major ‘win’ for the Pittsburgh region.  Construction began in late 2017 and will create 10,000 construction jobs and 400 permanent jobs when fully operational.

Adjacent to Stone Quarry is a $90M development now under construction, ‘Bluffs at Glade Path’ which will include 180 apartments, 80 condominiums, two medical office buildings, and a self-storage facility.

Built in 2006, the property is in good physical condition with no deferred maintenance. Parking is plentiful (313 spaces, 4.7 ratio). Potential additional revenue exists from an undeveloped outparcel with good access and visibility.

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A10 Capital’s commercial real estate acquisition finance team help borrowers secure non-recourse financing. Our track record in online commercial real estate acquisition financing is unparalleled. A10 Capital has reviewed this asset in consideration for customized balance sheet financing.

  • Loan Proceeds - A10 Capital offers bridge financing up to 80% LTV.
  • Recourse - Non-recourse
  • Loan Term - 3-5 years, plus extensions
  • On Balance Sheet - A10 is an on-balance sheet lender, providing flexibility to make changes to your loan over the life, if warranted.
  • A10 Loan Servicing - A10 services its loans in-house from closing to maturity, providing a better experience than having your loan transferred to a disinterested 3rd party servicer. A10 does not have hidden servicing fees that are common with 3rd party servicers.
  • Certainty of Closing - A10 will work to close within or shortly after closing assuming you provide prompt response to information requests.
  • In-house Legal - A10’s in-house legal department combined with the fact we typically don’t require legal opinion letters from your counsel, translates into a ~35 bps reduction in the effective interest rate on an average middle-market bridge loan.
  • Payment Options - A10 provides customized rate structures: fixed, floating and hybrid (fixed to floating) options.
  • Rate Lock - At application
  • Permanent Loan Capability - A10 is a one-stop lender with capabilities to also provide long-term, fixed-rate financing on stabilized middle-market properties up to 20 years. A10’s permanent loans are unique in that they also remain on-balance sheet and serviced by A10.


Upon reaching stabilization, A10 offers a seamless transition into a permanent loan with a variety of cost-saving benefits.

For more information on pricing and customized structure please contact:

Alisha Hill Koontz

Executive Vice President

208.577.5052

ahill@a10capital.com

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Stone Quarry Commons

91, 93, 95 Wagner Road, Monaca, PA 15061

Sold Subject To

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Retail Type
  • Big Box
  • Anchor
  • Shadowed
  • Anchor Tenant(s)
  • Target & Kohl's
  • Property Size
  • 67,407 Sq Ft
  • Land Area
  • 6.30 Acres
  • Year Built
  • 2006
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Parking Count
  • 313
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Jun 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #AU005925