Jerry Pi Of Pi Capital Partners Leases Retail Space To Plucky Station In Elmhurst For $130/ft
86-55 Broadway
$130
$130/SF
Building Size
1,606 SF
Asset Type
Retail
Closing
Aug 15, 2024
AI
The retail property located at 86-55 Broadway in the Elmhurst market has a total square footage of 1,606. The asking rent for this property was set at $130 per square foot. The lease type associated with this transaction is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Address: 86-55 Broadway
- Market: Elmhurst
- Landlord: Jerry Pi - Pi Capital Partners
- Tenant: Plucky Station
- Broker: Frank Ko
- Lease Type: Single Net Lease
- Square Footage: 1,606
The transaction was facilitated by Frank Ko, representing the interests of the parties involved. Jerry Pi of Pi Capital Partners acted as the landlord, while Plucky Station entered into the lease agreement as the tenant.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93