Mark Zuckerberg's The Chan-Zuckerberg Biohub Leases Office Space At 1375 West Fulton Street In Chicago
1375 West Fulton Street, Chicago, IL 60607
$23
$23/SF
Building Size
26,000 SF
Asset Type
Office
Closing
Mar 24, 2023
About this deal
AI
The lease transaction involving an office asset located at 1375 West Fulton Street in Chicago has been closed. The property spans 26,000 square feet and is owned by TrammellCrows. The tenant of the property is The Chan-Zuckerberg Biohub, represented by Mark Zuckerberg. The lease was signed on 03/24/2023.
Summary of transaction details
- Property Type: Office
- Transaction Date: 03/24/2023
- Address: 1375 West Fulton Street, Chicago
- Market: Chicago
- Landlord: TrammellCrows
- Tenant: The Chan-Zuckerberg Biohub - Mark Zuckerberg
- Asking Rent: $23.75/ft. (~SF: 26,000)
Mark Zuckerberg, the co-founder of Facebook, represented The Chan-Zuckerberg Biohub in this lease agreement. The property, located at 1375 West Fulton Street in Chicago, was leased from TrammellCrows. The lease was signed on 03/24/2023, and the asking rent for the 26,000 square feet office space was $23.75 per square foot.
On the Map
$23
$23/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
689695.65%
Cash-on-Cash
-197117.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93