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.
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.
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
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.
91, 93, 95 Wagner Road, Monaca, PA 15061
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Lamar P. Fisher
Fisher Auction Company Inc.