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5025 West 73rd Street

Lee & Associates Renews Lease For 72.9K SF Industrial Unit In Bedford Park, IL
LEASEDIndustrial

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

Jeffrey Janda

Lee & Associates

Broker

$37.7M

vol

28 deals

Broker

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