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219 N Paulina St, Chicago, ...

Snap36 Leases 42000 Square Feet At 219 N Paulina St Chicago Represented By Jordan Decker And Adam McCostlin
LEASEDIndustrial

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

Jordan Decker

Stream Realty Partners⁠

Broker

2 deals

Broker
MI
Mirae Asset Global InvestmentsLandlord

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