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109 W 25th St, Wilmington, ...

Evolution Muay Thai Leases Retail Space At 109 West 25th Street In Chelsea
LEASEDRetail

Evolution Muay Thai Leases Retail Space At 109 West 25th Street In Chelsea

109 W 25th St, Wilmington, DE 19802, USA

Building Size

2,500 SF

Asset Type

Retail

Closing

Aug 31, 2020

AI

The retail property located at 109 West 25th Street in Chelsea has been leased. The asset, spanning 2,500 square feet, was rented by Evolution Muay Thai. The landlord of the property is Joseph Cohen. The leasing transaction was facilitated by broker Michael Gammal from Leviathan Leasing, as the representative of Evolution Muay Thai.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $40.80/ft.
  • Square Footage: 2,500
  • Address: 109 West 25th Street
  • Market: Chelsea

Notable details about the transaction include the involvement of Michael Gammal from Leviathan Leasing as the broker representing Evolution Muay Thai. The rental property does not have a transaction amount specified in the provided information.

Players

Michael Gammal

Swift Real Estate Advisors

Broker

$1.6M

vol

17 deals

Broker

Joseph Cohen

Landlord

$23.3M

vol

8 deals

Landlord

Wilmington 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