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Industrial
Park |
| Leetsdale
Industrial Park |
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Description:
Enclosed are details regarding office space
availabilities at Leetsdale Industrial Park.
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For Available Space: |
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Apartments
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| St.
Clair Woods |
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Description:
St. Clair Woods Apartments offer quiet country
living at its best. A lush green setting away
from noise and congestion, yet just minutes
from major roads, restaurants, shopping and
recreation--with public transportation outside
your door!
St. Clair Woods Apartments, close to everything
but apart from the crowd!
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Mixed
Use Developments |
| Net
Leased Retail Development |
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Description:
Enclosed is an investment summary on a prime
ground-leased Pittsburgh retail property for
consideration. The highlights include:
Twelve
years plus absolute net ground lease to
Giant Eagle, Inc., Western Pennsylvania''s
largest privately held corporation with
over $4 billion in sales and 35,000 employees.
Property
includes approximately twelve acres of C-1
zoned land located adjacent to an Interstate
Highway 79 interchange accessing the affluent
South Hills area of Pittsburgh.
Improvements
include a 14-screen stadium theater complex
constructed by subtenant (KLM Theatre Partners,
L.P.) in calendar year 2000 at a cost of
approximately $8.8 million.
Upside
Potential:
Ground
lease to Giant Eagle has fixed $24,000/year
increases every five years, beginning January
1, 2006.
50%
future participation interest in incremental
rent paid by subtenant (projected to begin
in 2008). 50% of incremental annual NNN
rent increment is currently $73,500/year,
with later increases.
Sublease
provides for percentage rent.
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| ©
2002 Chapman Properties |
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