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3300 Ann Arbor-Saline Rd

Stretch Lab Signs Lease For Retail Space At Uptown Ann Arbor In Ann Arbor, Michigan
LEASEDRetail

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

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.

Players

Stephen Smith

Broker

2 deals

Broker

Michael Murphy

Douglas Elliman

Broker

$94.4M

vol

23 deals

Broker
SL
Stretch LabTenant

Ann Arbor 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

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93