BlackGate Acquires Retail Asset From Robert Taft In Woodridge For $3.7M With Uriel Escobar's Representation
3010 Hobson Road
$3,700,000
$112/SF
Building Size
32,921 SF
Asset Type
Retail
Closing
Jan 8, 2025
About this deal
AI
The retail property located at 3010 Hobson Road in Woodridge has been sold for $3,700,000. This asset encompasses an area of 32,921 square feet, resulting in a price per square foot of approximately $112.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,700,000
- Buyer: BlackGate
- Seller: Robert Taft
- Broker: Uriel Escobar - Horvath & Tremblay
The transaction highlights the involvement of Uriel Escobar of Horvath & Tremblay, who represented Robert Taft in the sale. The deal reflects the dynamics of the Woodridge market and the interests of BlackGate in acquiring retail assets.
On the Map
$3,700,000
$112/SF
Retail
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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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93