Michael Francisco Leases Retail Space At 118 Market Street Philadelphia To Gentian Mataj For $24/SF
118 Market Street
$24
$24/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Apr 2, 2026
AI
The property involved in this lease transaction is located at 118 Market Street, Philadelphia. It is a retail asset with a total square footage of 3,000. The asking rent for this property is set at $24 per foot under a five-year NNN lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24/ft
- Lease Term: 5 Years
- Lease Type: NNN Lease
- Landlord: Michael Francisco
- Tenant: Gentian Mataj
- Tenant's Representative: Billy Creagh - National Realty Commercial
This lease transaction involves key individuals including the landlord, Michael Francisco, and the tenant, Gentian Mataj. The tenant is represented by Billy Creagh from National Realty Commercial, facilitating the agreement for the property.
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