Chan Zuckerberg Biohub Leases 28,200 SF Office Space In Chicago's Fulton Market
400 N Aberdeen St Chicago, Il 60642, Usa
$50
$50/SF
Building Size
28,200 SF
Asset Type
Office
Closing
Jul 17, 2023
About this deal
AI
The Chan Zuckerberg Biohub is expanding in Chicago's Fulton Market by leasing 28,200 square feet of office space at 400 N. Aberdeen St. This specialized facility will support local life sciences startups. The property is located in a prime location in the heart of Chicago.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 400 North Aberdeen Street
- Market: Chicago
Chan Zuckerberg Biohub is the tenant responsible for leasing the office space at 400 N. Aberdeen St. They will be joined by Portal Innovations in their endeavor to support the growth of local life sciences startups. The lease agreement signifies the demand and potential of the life sciences sector in Chicago's Fulton Market, highlighting the area as a thriving hub for innovation and research.
Players
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93