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
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