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2501 Meredith Street

Landi Prendi Leases Retail Space At 2501 Meredith Street Philadelphia With Landlord Joseph Spina
LEASEDRetail

Landi Prendi Leases Retail Space At 2501 Meredith Street Philadelphia With Landlord Joseph Spina

2501 Meredith Street

$27

$27/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Apr 30, 2026

AI

The property involved in this transaction is a retail space located at 2501 Meredith Street in Philadelphia. The asset comprises 1,500 square feet and is leased at a rate of $27 per square foot. The lease agreement has a term of 5 years, structured as a NNN Lease.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $27/ft
  • Lease Term: 5 Years
  • Lease Type: NNN Lease
  • Landlord: Joseph Spina
  • Tenant: Landi Prendi
  • Broker: Billy Creagh - National Realty Commercial

This leasing transaction was facilitated by Billy Creagh, representing the landlord, Joseph Spina, in securing a tenant for the retail space. Landi Prendi has agreed to the lease terms as stipulated, completing this transaction within the designated timeframe.

Players

Billy Creagh
Verified Badge

Billy Creagh

National Realty Commercial

Broker

$13.3M

vol

39 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

587518.52%

Cash-on-Cash

-167914.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93