BlackGate Acquires Retail Asset From Robert Taft In Woodridge For $3.7M With Uriel Escobar's Representation
SOLD
$3,700,000
Illinois
See Similar DealsRetail32,921 SF
Sold 01/08/2025
SOLD
BlackGate Acquires Retail Asset From Robert Taft In Woodridge For $3.7M With Uriel Escobar's Representation
3010 Hobson Road
See Similar DealsRetail32,921 SF
Sold 01/08/2025
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$112
Total Square Footage:32,921 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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