Chaby International Signs 123,102-SF Lease Renewal At 10981 Decatur Road Philadelphia
10981 Decatur Road
Building Size
123,102 SF
Asset Type
Industrial
Closing
Dec 2, 2024
AI
The property asset involved in this transaction is an industrial space located at 10981 Decatur Road, Philadelphia. The total square footage of the asset is 123,102. The lease was negotiated between the landlord and tenant, but no transaction amount is specified in the available details.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10981 Decatur Road
- Market: Philadelphia
- Landlord: SANT Properties
- Tenant: Chaby International
- Brokers: Adam Gorodesky & Richard Gorodesky - Colliers
Colliers successfully negotiated a lease renewal for Chaby International at the specified industrial location. Richard and Adam Gorodesky represented the landlord, SANT Properties, while the tenant was self-represented in the transaction.
Players
Philadelphia Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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