B+E brokers sale of Chicago CIBC retail bank property for $1.9 million

B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of the newly constructed CIBC retail bank property located at 458 E Pershing Road, Chicago, Illinois for $1,900,000.

The buyer is from Texas and the seller is a local Chicago developer.

“This is a brand new 20-year ground lease with CIBC and carries an A rating from S & P,” said Spencer Henderson of B+E. “In addition, the investment provides 2% annual rent increases and is equipped with a drive thru.

“Currently in net lease, we are seeing a flight to credit, long lease terms and quality real estate. This CIBC transaction checks all those boxes.”

For more information, contact Spencer Henderson at shenderson@benetlease.com or go to www.benetlease.com.

About B+E

B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.

Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York City, Chicago, Atlanta, Tampa, Charlotte, Orange County, San Francisco, and Dallas, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.