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114 Chestnut Street

Updated Jul 15, 2026

Samschick Micheal Leases Retail Space At 114 Chestnut Street To Il Gusto Restaurant
LEASEDRetail

Samschick Micheal Leases Retail Space At 114 Chestnut Street To Il Gusto Restaurant

114 Chestnut Street

$24

$24/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Apr 27, 2026

About this deal

AI

The retail property located at 114 Chestnut Street in Philadelphia, PA has a total square footage of 2,000 and is part of the market offering in that area. The property has been leased for a term of 10 years under a NNN lease structure with an asking rent of $24.72 per square foot.

Summary of transaction details:

Key individuals involved in this lease transaction include the landlord, Samschick Micheal, and tenant, Florent Kupa, who represents Il Gusto Restaurant. Billy Creagh served as the landlord's representative from National Realty Commercial, facilitating the terms of the lease agreement.

Players

Billy Creagh
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Billy Creagh

National Realty Commercial

Broker

$15.4M

vol

42 deals

Broker

Samschick Micheal

Landlord

1 deal

Landlord

Florent Kupa

Il Gusto Restaurant

Tenant

1 deal

Tenant

Philadelphia Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $24 per square foot on a published $24 for 2,000 square feet (2026).

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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

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