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117 Chestnut St

The Avery Leases Retail Space At 117 Chestnut Street In Philadelphia For $27 SF
LEASEDRetail

The Avery Leases Retail Space At 117 Chestnut Street In Philadelphia For $27 SF

117 Chestnut St

$27

$27/SF

Building Size

6,825 SF

Asset Type

Retail

Closing

Feb 22, 2024

AI

The asset involved in this closed lease transaction is a retail property located at 117 Chestnut Street in Philadelphia, PA. The asset features a square footage of 6,825 and the asking rent was set at $27 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $27 per square foot
  • Address: 117 Chestnut Street
  • Market: Philadelphia, PA
  • Tenant: The Avery
  • Broker: Billy Creagh - National Realty Commercial

This transaction was facilitated by Billy Creagh, who represented the tenant, The Avery, in the leasing process. The details highlight the collaboration between the tenant and the brokerage in securing the lease for the retail space.

Players

Billy Creagh
Verified Badge

Billy Creagh

National Realty Commercial

Broker

$13.3M

vol

41 deals

Broker
W
WenibistoTenant

Philadelphia Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

587518.52%

Cash-on-Cash

-167914.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93