Updated Jul 14, 2026
LEASEDRetail
Markaki Leases 2000 Square Feet Retail Space At 114 Chestnut St Philadelphia
114 Chestnut St
$24
$24/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Oct 3, 2024
About this deal
AI
The asset involved in this lease transaction is a retail property located at 114 Chestnut Street in Philadelphia, PA. The space spans 2,000 square feet and has an asking rent of $24 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48,000
- Address: 114 Chestnut Street
- Market: Philadelphia, PA
- Tenant: Markaki
- Broker: Billy Creagh - National Realty Commercial
The key individuals involved in this transaction include the tenant, Markaki, and the broker representing the lease deal, Billy Creagh from National Realty Commercial. Their roles were pivotal in facilitating the agreement for the retail space at the specified address.
On the Map
$24
$24/SF
Retail
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Players
Philadelphia 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
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93