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
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