Billy Creagh And Gary Creagh Lease Retail Space To Ghulam Mustafa Ali In Philadelphia For $24/ft
2830 North 22nd Street
$24
$24/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jul 8, 2026
AI
The retail asset located at 2830 North 22nd Street in Philadelphia encompasses a space of 1,200 square feet. The asking rent for the property was set at $24 per square foot, and it is structured under a 5-year NNN lease, emphasizing its leasing terms.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24/ft
- Lease Term: 5 Years
- Lease Type: NNN Lease
- Landlord: Billy Creagh & Gary Creagh
- Tenant: Ghulam Mustafa Ali
- Broker: Billy Creagh - National Realty Commercial
The transaction involved Billy Creagh and Gary Creagh acting as landlords, while Ghulam Mustafa Ali represented the tenant in this leasing agreement. Billy Creagh also served as the broker for the transaction, facilitating the deal between the involved parties.
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