Dover Marketplace has a net lettable area of approximately 61,044 sq ft, with a committed occupancy rate of 96.1%. This property has a long WALE of 9.7 years, which is longer than UHREIT’s portfolio WALE of 7.8 years as at March 31.
United Hampshire US REIT has acquired a new property, Dover Marketplace, for US$16.4 million, which is 4.8% below an independent valuation.
The property is a grocery-anchored freehold property located in Dover, Pennsylvania. The anchor tenant is a leading supermarket chain The GIANT Company, which has been the anchor tenant for nearly 25 years.
