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
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