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118 Market Street

Michael Francisco Leases Retail Space At 118 Market Street Philadelphia To Gentian Mataj For $24/SF
LEASEDRetail

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.

Players

Billy Creagh
Verified Badge

Billy Creagh

National Realty Commercial

Broker

$13.3M

vol

41 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

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93