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
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