Craig Elkind Leases Retail Space At 965 Frankford Avenue To Felicia Wilson And Anyae Wilson
965 Frankford Avenue
$29
$29/SF
Building Size
2,609 SF
Asset Type
Retail
Closing
Apr 30, 2026
AI
The property asset involved in this transaction is a retail space located at 965 Frankford Avenue in Philadelphia. The total square footage of the lease is 2,609, and the asking rent stands at $29 per square foot. The lease term is set for 5 years and operates under a NNN (Triple Net) lease arrangement.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $29/ft
- Square Footage: 2,609
- Address: 965 Frankford Avenue
- Market: Philadelphia
- Landlord: Craig Elkind
- Tenant: Felicia Wilson & Anyae Wilson
- Tenant's Representative: Billy Creagh - National Realty Commercial
- Lease Term: 5 years
- Lease Type: NNN Lease
The key individuals in this deal include the landlord, Craig Elkind, and the tenants, Felicia Wilson and Anyae Wilson. Billy Creagh, representing the tenants, is affiliated with National Realty Commercial, playing a crucial role in facilitating this lease agreement.
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
547000.00%
Cash-on-Cash
-156334.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93