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1901 Chestnut St

The Saints Restaurant And Lounge Leases Retail Space At 1901 Chestnut Street Philadelphia For $29 SF
LEASEDRetail

The Saints Restaurant And Lounge Leases Retail Space At 1901 Chestnut Street Philadelphia For $29 SF

1901 Chestnut St

Building Size

2,180 SF

Asset Type

Retail

Closing

Jul 15, 2024

AI

The property asset involved in this transaction is a retail space located at 1901 Chestnut Street in Philadelphia, PA. The asking rent for the premises is $29 per square foot, with a total of 2,180 square feet available for lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $29 ~ SF: 2,180
  • Tenant: The Saints Restaurant and Lounge
  • Broker: Billy Creagh - National Realty Commercial

Key individuals involved in the deal include the tenant, The Saints Restaurant and Lounge, represented by Billy Creagh of National Realty Commercial, who facilitated the leasing process.

Players

Billy Creagh
Verified Badge

Billy Creagh

National Realty Commercial

Broker

$13.3M

vol

41 deals

Broker
PF
Pepper FishTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93