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9119 Queens Blvd

City MD Leases 2,350 Square Feet Retail Space From Midwood Properties At 9119 Queens Blvd
LEASEDRetail

City MD Leases 2,350 Square Feet Retail Space From Midwood Properties At 9119 Queens Blvd

9119 Queens Blvd

Building Size

2,350 SF

Asset Type

Retail

Closing

Jan 1, 2018

AI

The property asset involved in this transaction is a retail space located at 9119 Queens Blvd in Elmhurst. The total square footage of the asset is 2,350 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not indicated
  • Address: 9119 Queens Blvd
  • Market: Elmhurst
  • Tenant: City MD
  • Landlord: Midwood Properties
  • Brokers: Thomas Caliendo (Tide Realty Group), Daniel D. DePasquale
  • Lease Date: 01/01/2018

This transaction involved key individuals and companies, including the landlord Midwood Properties and tenant City MD, showcasing the involvement of brokers Thomas Caliendo from Tide Realty Group and Daniel D. DePasquale in facilitating the deal.

Players

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

47 deals

Broker
MP
Midwood PropertiesLandlord
CM
City MDTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93