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900 West Cermak Road

Bento Inc. Leases 20,000 Square Feet Industrial Space At 900 West Cermak Road In Chicago
LEASEDIndustrial

Bento Inc. Leases 20,000 Square Feet Industrial Space At 900 West Cermak Road In Chicago

900 West Cermak Road

Building Size

20,000 SF

Asset Type

Industrial

Closing

Feb 20, 2025

AI

The property involved in this transaction is an industrial asset located at 900 West Cermak Road in Chicago's Pilsen East neighborhood. The space comprises 20,000 square feet and was previously used as a commissary kitchen, which has undergone renovations prior to the lease agreement.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Disclosed
  • Address: 900 West Cermak Road
  • Market: Chicago
  • Landlord: John Podmajersky III - 900 C LLC
  • Tenant: Bento, Inc.
  • Landlord's Representative: Jay Maher & Steven Kohn - Avison Young
  • Tenant's Representative: Newmark

The deal was facilitated by Avison Young, who represented the landlord, 900 C LLC. Jay Maher and Steven Kohn played significant roles in the transaction. Bento, Inc., a subsidiary of Wonderfield Group, was represented by Newmark in the leasing process, indicating a collaboration between the two firms to successfully conclude the agreement.

Players

Jay Maher

Avison Young

Broker

$17.6K

vol

2 deals

Broker
NAI Global
NAI GlobalBrokerage

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