Danny Queenan & Johnny Carlson Of Trammell Crow Company Lease 40000 Sq Ft Office To Tenants In Chicago
400 North Aberdeen Street
Building Size
40,000 SF
Asset Type
Office
Closing
Mar 29, 2025
About this deal
AI
The asset involved in this transaction is an office property located at 400 North Aberdeen Street, Chicago. This building encompasses a total square footage of 40,000.0, facilitating a variety of potential uses for its tenants.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 03/29/2025
- Tenant: John Flavin - Portal Innovations; Shana Kelley, Priscilla Chan & Mark Zuckerberg - Chan Zuckerberg Biohub Chicago; Brad Henderson - P33 Chicago
- Landlord: Danny Queenan & Johnny Carlson - Trammell Crow Company
The deal involved key players such as Danny Queenan and Johnny Carlson, who represent Trammell Crow Company as the landlords. On the tenant side, notable figures include John Flavin for Portal Innovations and Shana Kelley, Priscilla Chan, and Mark Zuckerberg representing the Chan Zuckerberg Biohub Chicago.
On the Map
Office
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Players
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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