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
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.
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