Danny Queenan Of Trammell Crow Company Leases Medical Office To Rhaeos In Chicago For 7344 SF
400 North Aberdeen Street
Building Size
7,344 SF
Asset Type
Medical Office
Closing
Feb 1, 2025
AI
The property involved in the transaction is a medical office located at 400 North Aberdeen Street in Chicago. It spans 7,344 square feet and is situated within the Fulton Labs campus. The specific use of this facility will support clinical-stage medical device operations focused on noninvasive wearable flow sensors.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 400 North Aberdeen Street
- Market: Chicago
- Landlord: Danny Queenan - Trammell Crow Company
- Tenant: Anna Lisa Somera - Rhaeos
- Brokers: Dan Lyne, James Otto & Andria Winters - CBRE
The deal represents a transition for Rhaeos as it expands from Evanston to a new site in Chicago. This move enhances Rhaeos' operational capabilities and aims to foster collaboration within the life sciences community for advancing healthcare technologies.
Players
Chicago Medical Office Market Snapshot
Boundary boundary · Medical Office · 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