Stretch Lab Signs Lease For Retail Space At Uptown Ann Arbor In Ann Arbor, Michigan
3300 Ann Arbor-Saline Rd
$35
$35/SF
Building Size
1,207 SF
Asset Type
Retail
Closing
May 2, 2023
About this deal
AI
Stretch Lab, a fitness concept, has signed a lease for a 1,207-square-foot retail space at the Uptown Ann Arbor mixed-use development in Ann Arbor, Michigan. The retail space is located at 3300 Ann Arbor-Saline Rd and is owned by Beztak Properties. The asking rent for the space is $35 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 05/02/2023
- Address: 3300 Ann Arbor-Saline Rd
- Market: Ann Arbor, Michigan
Michael Murphy, Vicki Gutowski, and Tjader Gerdom of Gerdom Realty & Investment represented Beztak Properties, the landlord of the retail space. Stephen Smith from TNF Realty acted as the tenant's representative for Stretch Lab.
On the Map
$35
$35/SF
Retail
View full map
Players
Ann Arbor Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Michael Murphy to view all their deals.
Browse Michigan retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93