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1375 West Fulton Street, Ch...

Mark Zuckerberg's The Chan-Zuckerberg Biohub Leases Office Space At 1375 West Fulton Street In Chicago
LEASEDOffice

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

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.

Players

Mark Zuckerberg

Chan-Zuckerberg Biohub

Tenant

$222.3M

vol

18 deals

Tenant

Chicago Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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