Mt. Moon Recording Leases Retail Space In Philadelphia's South 3rd Street
35 South 3rd Street
$24
$24/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Dec 20, 2022
AI
Located at 35 South 3rd Street in Philadelphia, PA, this retail property has recently been leased. The space spans 2,500 square feet and was leased by Mt. Moon Recording.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $24/ft
- Square Footage: 2,500
- Landlord: BC Capital Group - Fred Bijou
- Tenant: Mt. Moon Recording
- Broker: Jack Mishaan - BH REALTY
Jack Mishaan from BH REALTY represented both parties in this lease transaction. BH Realty is a full-service residential and commercial brokerage known for their expertise in exclusive leasing and sales. They prioritize building strong relationships with clients while providing valuable advice to owners and developers to maximize the growth potential of their assets.
For complimentary services like market updates, comp/pricing reports, and construction/renovation consultations, you can email [email protected]. Brokers interested in enhancing their real estate skill set, working with exclusive listings, and developing a life-long career within the industry can also reach out to [email protected].
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