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.
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