Updated Oct 10, 2025
Nathaniel Hagedorn Of NorthPoint Development Secures New Leases At 3300 East 122nd Street
3300 East 122nd Street
Building Size
221,736 SF
Asset Type
Industrial
Closing
Oct 2, 2025
About this deal
AI
The property involved in the transaction is situated at 3300 East 122nd Street, Chicago. This industrial asset encompasses a total of 221,736 square feet and falls under the industrial category. The strategic location provides significant advantages, including heavy car and trailer parking and proximity to downtown Chicago.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3300 East 122nd Street
- Market: Chicago
- Available Space: 174,212 square feet
- Landlord: Nathaniel Hagedorn - NorthPoint Development
Nathaniel Hagedorn from NorthPoint Development was instrumental in the transaction, securing new leases for the property. The recent lease activity has created a notable amount of available space in the industrial site.
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