Updated Oct 30, 2025
The Avery Leases Retail Space At 117 Chestnut Street In Philadelphia For $27 SF
117 Chestnut St
$27
$27/SF
Building Size
6,825 SF
Asset Type
Retail
Closing
Feb 22, 2024
About this deal
AI
The asset involved in this closed lease transaction is a retail property located at 117 Chestnut Street in Philadelphia, PA. The asset features a square footage of 6,825 and the asking rent was set at $27 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27 per square foot
- Address: 117 Chestnut Street
- Market: Philadelphia, PA
- Tenant: The Avery
- Broker: Billy Creagh - National Realty Commercial
This transaction was facilitated by Billy Creagh, who represented the tenant, The Avery, in the leasing process. The details highlight the collaboration between the tenant and the brokerage in securing the lease for the retail space.
On the Map
$27
$27/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
587518.52%
Cash-on-Cash
-167914.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93