Kimberly Plaza

Newly Constructed Retail Shopping Center

Kimberly Plaza is a one-story retail center situated on approximately 2.70 acres of land and comprises 25,792 rentable square feet. Built in 2000, Kimberly Plaza is occupied by six tenants and is anchored by Fashion Bug (8,000sf), a prominent yet affordable women’s clothing store with nearly 1,100 stores nationwide. The other tenants located in the property are Dollar Tree, Payless Shoesource, Radio Shack, CitiFinancial, and a Wine and Spirits Outlet.The property is located across the street from a 400,000 square foot enclosed mall, anchored by Sears, J.C. Penney, and The Bon-Ton. Over 20,000 cars travel by the property daily.
Executive Summary:
Offering: Kimberly Plaza (“the property”) is a one-story retail center comprised of 25,792 rentable square feet.   Offering Terms: $3,200,00

Location: Kimberly Lane & U.S. 322
Cranberry, PA 16319
  Year 1 NOI: $256,390

Rentable Area: 25,792 square feet   Cap Rate: 8.01%

Land Area: 2.70 Acres   Occupancy Status: 100% Occupied

Parking: 137 Spaces   Financing: Existing Loan to be assumed.