Marcus & Millichap Real Estate Investment Services Company (“Broker”) has been retained as the exclusive advisor and broker for the Seller (“Seller”) regarding the sale of the property known as Krebs Center McMurray PA, located in McMurray, PA. In the immediate one-mile average household income increases to over $170,000.Ĭonfidentiality and Buyer Registration Agreement This affluent family-oriented suburb has 32,342 residents within a three-mile radius and an average household income of $152,735. The McMurray market provides the building and its tenants with very strong demographics. Krebs Center located on Washington Road has over 25,310 vehicles per day and is only 13 miles from Pittsburgh taking Washington Road north. The area surrounding this well- kept plaza includes many national tenants such as Dunkin, Arby’s, Wendy’s, Goodwill, National Tire & Battery, McDonald’s, Bob Evans as well as a string of five major car dealerships. Krebs has provided consistent stable income with zero tenants requesting rent concessions during COVID and is positioned to strengthen over time with the ability to increase rents or lease up of the remaining 5 percent of vacant space. The 21,521 square foot eighteen-tenant plaza is situated on 3.8-acre parcel with roughly 735 feet of frontage on Washington Road includes a mix of medical, beauty, automotive, and fitness tenants among others. The City of Pittsburgh has been characterized as the “northern urban industrial anchor of Appalachia”. Located in the Greater Pittsburgh Region, which is home to 2.4 million residents, has a distinct regional identity and has historically been regarded as a transitional region within the Northeastern United States. Marcus & Millichap is pleased to present for sale Krebs Center located at 3515 Washington Road in McMurray, Pennsylvania.
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