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Browse More Listings in Shopping Center For Sale, Kittanning, PA or Pennsylvania

Shopping Center For Sale

Franklin Village Shopping Center- Grocery Anchored

1 Franklin Village Mall, Kittanning, PA 16201

Price:
$11,400,000
Gross Leasable Area:
151,673 SF
Price/SF:
$75.16
Property Type:
Shopping Center
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Commission Split:
1%
Cap Rate:
8.60%
Occupancy:
98%
Tenancy:
Multiple
Lot Size:
25 SF
Find Out More...

Last Verified 11/18/2009 Listing ID 16070183

Description

* Center is anchored by a Shop'n Save store and gas station
*Center has strong historical occupancy and low tenant rollover
*98.7% occupied-54% leased to National tenants
*Opportunity to add value by developing the vacant 1.7 acre outparcel

* Strategically positioned directly off PA Route 28 and US Route 422
*Easy ingress and egress provided by a signalized intersection and a publicly owned and maintained access road that runs parallel to the center's storefronts

For more information: www.franklinvillagekittanning.com

Financial Summary

Actual
Net Operating Income
$975,631

Map of 1 Franklin Village Mall, Kittanning, PA 16201 (Armstrong County)

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Presented by

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Cyra Contractor (412) 394-9810

Jeffrey Ackerman (412) 394-9800

Cynthia Kamin (412) 471-9500

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Created 1/22/2009

Additional Information for 1 Franklin Village Mall, Kittanning, PA 16201

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Franklin Village Shopping Center- Grocery Anchored

1 Franklin Village Mall, Kittanning, PA, 16201