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1375 West Fulton Chicago, I...

Belay Diagnostics Leases 4,000 SF Office Space At Fulton Labs In Chicago
LEASEDOffice

Belay Diagnostics Leases 4,000 SF Office Space At Fulton Labs In Chicago

1375 West Fulton Chicago, Illinois 60607, Usa

Building Size

4,000 SF

Asset Type

Office

Closing

Aug 7, 2023

AI

Belay Diagnostics has leased a 4,000-square-foot space at Fulton Labs in Chicago. The office space, located at 1375 West Fulton, will serve as a platform for the advancement of their brain and spinal cord cancer detection technology. The lease is set to commence in September.

Summary of transaction details:

  • Property Type: Office
  • Square Footage: 4,000
  • Address: 1375 West Fulton, Chicago
  • Market: Chicago

Belay Diagnostics, a company specializing in cancer detection technology, selected Fulton Labs for their upcoming operations. The leasing agreement was facilitated by the brokerage team consisting of Dan Lyne and Kelsey Scheive from CBRE. Trammell Crow Co, the landlord of Fulton Labs, played a crucial role in finalizing the lease with Belay Diagnostics. The move to Fulton Labs represents a significant step forward for Belay Diagnostics in their mission to revolutionize cancer detection.

Players

Dan Lyne

CBRE

Broker

6 deals

Broker
TC
Trammell CrowLandlord

Westport 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93