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5009 West 66th Street

Lampshades Inc. Leases 16,950 SF Industrial Space At 5009 West 66th Street, Bedford Park
LEASEDIndustrial

Lampshades Inc. Leases 16,950 SF Industrial Space At 5009 West 66th Street, Bedford Park

5009 West 66th Street

Building Size

16,950 SF

Asset Type

Industrial

Closing

Dec 5, 2023

AI

Lampshades Inc., a lamp shade manufacturer, has leased a 16,950-square-foot industrial space at 5009 W. 66th St. in Bedford Park. The facility, located in the market of Bedford Park, spans a total of 255,000 square feet and offers an 18-foot clear height. Other features include four common docks, 2,400 square feet of office space, and a drive-in door.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 5009 West 66th Street
  • Market: Bedford Park
  • Square Footage: 16,950

The landlord of the property is Mumford Properties, represented by Phil Mumford Jr. Lampshades Inc. was represented by their representatives from DarwinPW Realty/CORFAC International, Christopher Mergenthaler and Ed Wabick. The landlord's representative for this deal was John D’Orazio from Colliers.

Players

John D’Orazio

Colliers

Broker

2 deals

Broker
MP
Mumford PropertiesLandlord

Chicago Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93