Updated Oct 30, 2025
Wizz Scooters Leases 4000 SF Retail Space At 308 Market St Philadelphia For $22.50/SF
308 Market St
Building Size
4,000 SF
Asset Type
Retail
Closing
Aug 15, 2024
About this deal
AI
The asset involved in this transaction is a retail property located at 308 Market Street in Philadelphia, PA. The space encompasses 4,000 square feet and had an asking rent of $22.50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22.50 per square foot
- Address: 308 Market Street
- Market: Philadelphia, PA
- Tenant: Wizz Scooters
- Broker: Billy Creagh - National Realty Commercial
Billy Creagh represented the tenant, Wizz Scooters, in this leasing transaction, facilitating the agreement in the Philadelphia retail market.
On the Map
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
721045.45%
Cash-on-Cash
-206077.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93