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2401 75th Street

Michael Mugel & Jonathan Gesuale Of Red Mountain Group Facilitate Retail Sale In Woodridge For $3.45M
SOLDRetail

Michael Mugel & Jonathan Gesuale Of Red Mountain Group Facilitate Retail Sale In Woodridge For $3.45M

2401 75th Street

$3,450,000

$67/SF

Building Size

50,809 SF

Asset Type

Retail

Closing

Jan 31, 2025

AI

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.

Players

Michael Mugel

Red Mountain Group

Broker

$148.7M

vol

4 deals

Broker

Woodridge Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93