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86-55 Broadway

Jerry Pi Of Pi Capital Partners Leases Retail Space To Plucky Station In Elmhurst For $130/ft
LEASEDRetail

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

Frank Ko

Broker

$19.6M

vol

16 deals

Broker

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