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
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