Barstool Leases Industrial Space In Chicago's Noble Street With Landlord Magnetar Capital -Jeff Shapack & Alec Litowitz
400 North Noble Street, Chicago, Illinois 60642, United States
$45
$45/SF
Building Size
40,000 SF
Asset Type
Industrial
Closing
Apr 7, 2023
AI
The industrial property located at 400 North Noble Street in Chicago has been leased. The lease transaction took place on April 7, 2023. The asset spans a total of 40,000 square feet and falls under the category of industrial properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: April 7, 2023
- Address: 400 North Noble Street, Chicago
The landlord of the property is Magnetar Capital, represented by Jeff Shapack and Alec Litowitz. On the other hand, the tenant is Barstool, represented by Dan "Big Cat" Katz, David Portnoy, and Erika Ayers. Shapack Partners acted as the landlord's representatives, with Paige O'Neil and Annie Aldrich representing them. Cushman & Wakefield represented the tenant, with Jeff Skender, Scott Shelbourne, and Ari Klein serving as their representatives.
The asking rent for the lease was $45 per square foot, with a total area of 40,000 square feet.
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93