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
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