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Regent Retail Park ⁠

Henley Acquires Regent Retail Park In Manchester For £16M
SOLDRetail

Henley Acquires Regent Retail Park In Manchester For £16M

Regent Retail Park ⁠

$16,000,000

$135/SF

Building Size

118,000 SF

Asset Type

Retail

Closing

Oct 15, 2020

AI

The Regent Retail Park in Manchester has been sold in a recent transaction. The property is a retail asset and spans a total area of 118,000 square feet. The sale price for the property was £16,000,000, resulting in a price per square foot of £136.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: £16,000,000
  • Square Footage: 118,000
  • Price per Square Foot: £136
  • Date: 10/16/2020
  • Address: Regent Retail Park
  • Market: Manchester

The sale was facilitated by the broker agencies HampsonWall and Jones Day, on behalf of the seller M&G. The buyer of the property is Henley, represented by Ian Rickwood. No additional information is available regarding this transaction.

Players

JD
Jones DayBuyer

Salford 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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93