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
Ann Arbor Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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