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35 South 3rd Street

Mt. Moon Recording Leases Retail Space In Philadelphia's South 3rd Street
LEASEDRetail

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

Jack Mishaan

Kassin Sabbagh Realty

Broker

10 deals

Broker

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