Marcus & Millichap facilitated the sale of a 5,972-square-foot retail center consisting of Noodles & Company, T-Mobile and Zoup!, located in Woodridge, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $2,825,000.
Adrian Mendoza, first vice president, Austin Weisenbeck and Sean R. Sharko, senior vice presidents and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor.
The retail center is located at 1001 W. 75th Street in Woodridge and is an outparcel to the Woodgrove Festival shopping center. The asset is 100 percent leased to three national tenants on net leases. The property was sold at 97 percent of list price after procuring several written offers from in-state and out-of-state buyers.