Lee & Associates Renews Lease For 72.9K SF Industrial Unit In Bedford Park, IL
5025 West 73rd Street
Building Size
72,956 SF
Asset Type
Industrial
Closing
Jan 30, 2024
AI
An industrial unit measuring 72,956 square feet located at 5025 West 73rd Street in Bedford Park, IL, has been leased. The property, owned by an undisclosed party, was recently renewed by Synder's-Lance, Inc. The unit is situated in the Bedford Park market.
Summary of transaction details
- Property Type: Industrial
- Square Footage: 72,956
- Address: 5025 West 73rd Street, Bedford Park, IL
- Market: Bedford Park
The lease deal was facilitated by Lee & Associates, with Brian Vanosky and Jeff Janda representing the landlord. On the other side of the transaction, Sally Macoicz of Cushman & Wakefield acted as the tenant's representative for Synder's-Lance, Inc.
NOTE: Lee & Associates successfully negotiated the lease renewal for the industrial unit in Bedford Park, IL, spanning 72,956 square feet. Brian Vanosky and Jeff Janda represented the owner, while Sally Macoicz of Cushman & Wakefield represented the tenant, Synder's-Lance, Inc.
Players
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