July 1, 2021 – Uriel Escobar of Horvath & Tremblay has successfully completed the sale of the Woodridge Retail Plaza in Woodridge, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,610,000.
The Woodridge Retail Plaza is located at 2001 75th Street in Woodridge, Illinois. The plaza contains 11,200 square feet of gross leasable area on a 0.88-acre parcel. The Property is 89% leased to a complimentary mix of six (6) local tenants that serve the needs of the area residents. The highly visible Property is strategically located along 75th Street (IL Route 33), the region’s primary commercial corridor, at the signalized intersection with Woodward Avenue. Approximately 48,800 vehicles per day pass the Property at the intersection of 75th Street and Woodward Avenue. The Property enjoys three points of access and outstanding visibility from 75th Street (IL Route 33) and Woodward Avenue and is surrounded by national retailers, dense residential neighborhoods, large-scale apartment communities (Golf Meadows Estates, Dynasty Pointe, Natural Falls & Emerald Courts), and residential condominium communities (Woodridge Club & Waterbury Condominiums). Furthermore, the Property benefits from close proximity to Interstate 355 (500 feet away), and several large shopping centers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.