Updated Oct 12, 2026
Realty Income Corp & EG Group Acquire Retail Portfolio In Hampshire County For $75M
Hampshire County
$75,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 11, 2023
About this deal
AI
The Retail Portfolio located in Hampshire County has been sold in a closed transaction. The property consists of 17 stores in Rhode Island, including the last store in Cumberland, R.I. The sale price for this retail portfolio was $75,000,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $75,000,000
- Address: Retail Portfolio
- Market: Hampshire County
Realty Income Corp, a California-based real estate investment firm, along with EG Group, acquired the Retail Portfolio from Cumberland Farms. Cumberland Farms, the seller, decided to sell its stores in Rhode Island, resulting in this transaction. Realty Income Corp and EG Group will now take ownership of the 17 stores.
On the Map
$75,000,000
MultiFamily
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Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93