Michael Mugel & Jonathan Gesuale Of Red Mountain Group Facilitate Retail Sale In Woodridge For $3.45M
SOLD
$3,450,000
Illinois
See Similar DealsRetail50,809 SF
Sold 01/31/2025
SOLD
Michael Mugel & Jonathan Gesuale Of Red Mountain Group Facilitate Retail Sale In Woodridge For $3.45M
2401 75th Street
See Similar DealsRetail50,809 SF
Sold 01/31/2025
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$67
Total Square Footage:50,809 SF
Transaction Type:Sale
The asset involved in the transaction is a retail property located at 2401 75th Street in the Woodridge market. The sale price for this property was $3,450,000, with a total square footage of 50,809, translating to a price per square foot of $67.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,450,000
- Address: 2401 75th Street
- Market: Woodridge
- Square Footage: 50,809
- Price Per Square Foot: $67
The deal was facilitated by Michael Mugel, who serves as the Owner, and Jonathan Gesuale, the VP of Real Estate, both from Red Mountain Group, representing the interests involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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