MRP Flyover REIT Acquires Small-Town Retail Portfolio In United States For $117M

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.