Jerry Pi Of Pi Capital Partners Leases Retail Space To Juice Smoothie In Elmhurst For $485/ft
86 55 Broadway
$485
$485/SF
Building Size
185 SF
Asset Type
Retail
Closing
Sep 14, 2025
About this deal
AI
This retail property is located at 86-55 Broadway in Elmhurst. The asset encompasses a total of 185 square feet and is leased at an asking rent of $485 per square foot. The lease involves a modified gross lease structure and is set for a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $485/ft
- Square Footage: 185
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Jerry Pi - Pi Capital Partners
- Tenant: Juice Smoothie
The primary individuals involved in this transaction include Jerry Pi, who represents Pi Capital Partners as the landlord, and Juice Smoothie as the tenant occupying the retail space under the terms of the lease.
On the Map
$485
$485/SF
Retail
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Players
Elmhurst 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
32707.22%
Cash-on-Cash
-9347.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93