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.
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