Snap36 Leases 42000 Square Feet At 219 N Paulina St Chicago Represented By Jordan Decker And Adam McCostlin
219 N Paulina St, Chicago, IL, 60612
Building Size
42,000 SF
Asset Type
Industrial
Closing
Jul 11, 2018
AI
The property involved in this transaction is a lease located at 219 N Paulina St, Chicago, IL, 60612. The asset encompasses a total square footage of 42,000. The lease is situated in the Chicago market and represents an expansion for the tenant.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 219 N Paulina St, Chicago, IL, 60612
- Square Feet: 42,000
- Tenant: Snap36
- Landlord: Mirae Asset Global Investments
- Tenant's Representatives: Jordan Decker (Stream Realty Partners), Adam McCostlin (Cushman & Wakefield)
- Landlord's Representative: Mitch Adams (CBRE)
Snap36, a tech firm specializing in 360-degree and 3D imagery and technology, has expanded its operations from a previous headquarters of 7,000 square feet to the newly leased space. This growth reflects the company's increasing footprint in the Near West Side region.
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