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
Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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