Updated Jul 7, 2025
Samurai Japanese Restaurant Acquires Commercial Property At 1420 Locust St For $1.15M
1420 Locust St
$1,150,000
$255/SF
Building Size
4,500 SF
Asset Type
Commercial
Closing
Jan 15, 2021
About this deal
AI
This transaction involves a commercial asset located at 1420 Locust Street in Philadelphia. The property was sold for a price of $1,150,000 and encompasses an area of 4,500 square feet, amounting to a price per square foot of $256.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $1,150,000
- Address: 1420 Locust Street
- Market: Philadelphia
- Buyer: Samurai Japanese Restaurant
- Broker: Billy Creagh - National Realty Commercial
- Square Footage: 4,500
- Price per Square Foot: $256
The deal was facilitated by broker Billy Creagh, representing National Realty Commercial. The transaction marks a significant acquisition for the buyer, Samurai Japanese Restaurant, enhancing their commercial footprint in the market.
On the Map
$1,150,000
$255/SF
Commercial
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Philadelphia Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93