Updated Oct 28, 2024
MRP Flyover REIT Acquires Small-Town Retail Portfolio In United States For $117M
United State
$117,000,000
$139/SF
Building Size
842,000 SF
Asset Type
Retail
Closing
May 15, 2022
About this deal
AI
A retail portfolio located in Small-Town has been sold in a recent transaction for a total price of $117,000,000. The portfolio spans approximately 842,000 square feet, resulting in a price per square foot of $139. The sale took place on May 16, 2022, in the United States market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $117,000,000
- Square Footage: 842,000
- Price per Square Foot: $139
- Market: United States
MRP Flyover Real Estate Investment Trust, Inc. acted as the buyer in this transaction. The retail portfolio in Small-Town was purchased by MRP Flyover Real Estate Investment Trust, Inc. for a total amount of $117,000,000. The deal was finalized on May 16, 2022.
Players
Orangeburg 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93