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7447 S Central Ave Bedford ...

MDH Partners Fully Leases 118K Sq Ft Industrial Facility In Bedford Park To Better Earth
LEASEDIndustrial

MDH Partners Fully Leases 118K Sq Ft Industrial Facility In Bedford Park To Better Earth

7447 S Central Ave Bedford Park, Il 60638, Usa

$10

$10/SF

Building Size

55,718 SF

Asset Type

Industrial

Closing

May 24, 2023

AI

An industrial facility located at 7447 South Central Avenue in Bedford Park, Chicago, has been fully leased by Atlanta-based MDH Partners. The facility spans a total area of 118,218 square feet and is now occupied by Better Earth, a sustainable food service packaging company, which utilizes 55,718 square feet of the space.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 7447 South Central Avenue, Bedford Park, Chicago
  • Market: Bedford Park

MDH Partners, the landlord, successfully secured the lease with Better Earth for the industrial facility. The tenant was represented by Calvin Gunn from Lee & Associates. Meanwhile, Steve Connolly and Chris Gary from NAI Hiffman acted as the landlord's representatives in the deal.

Players

Steve Connolly

NAI Global

Broker

1 deal

Broker
MDH Partners
MDH PartnersBrokerage
MDH Partners
MDH PartnersLandlord

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

1586300.00%

Cash-on-Cash

-453369.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93