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132 Christiana Mall

Dick’s Sporting Goods Acquires 132 Christiana Mall Retail Space In Newark For $8.79M
SOLDRetail

Dick’s Sporting Goods Acquires 132 Christiana Mall Retail Space In Newark For $8.79M

132 Christiana Mall

$8,790,000

$71/SF

Building Size

123,000 SF

Asset Type

Retail

Closing

Jul 31, 2026

AI

The property asset involved in this transaction is a vacant 123,000-square-foot Nordstrom anchor space located at 132 Christiana Mall, Newark, DE. The transaction was finalized at a sale price of $8,790,000, equating to a price per square foot of $71.50.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,790,000
  • Buyer: Dick’s Sporting Goods
  • Seller: Erik Nordstrom - Nordstrom
  • Date of Sale: 07/31/2026

In this deal, Dick’s Sporting Goods acquired the property following Nordstrom’s closure in April. Erik Nordstrom represented the seller in this transaction, facilitating the sale of the vacant retail space.

Players

DG
Dick’s Sporting GoodsBuyer

Erik Nordstrom

Nordstrom

Seller

$8.8M

vol

1 deal

Seller

Newark 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

1.80%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93