Pizzuti Cos Acquires Commercial Property In Nashville, TN For $4.4M
117 Donelson Pike, Nashville, Tennessee 37214
$4,400,000
Building Size
—
Asset Type
Commercial
Closing
Jun 12, 2023
AI
The commercial property located at 117 Donelson Pike in Nashville, TN has been sold for a total price of $4,400,000. The buyer in this transaction is Pizzuti Cos, while the seller is Crecsent Bowling Co. The property was financed through a loan from Fourth Capital Bank, with a loan amount of $3,500,000.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $4,400,000
- Address: 117 Donelson Pike, Nashville, TN
- Buyer: Pizzuti Cos
- Seller: Crecsent Bowling Co
- Lender: Fourth Capital Bank
- Loan Amount: $3,500,000
The buyer in this sale, Pizzuti Cos, is a well-known company in the real estate industry. They were represented by their broker, who facilitated the transaction on their behalf. The seller, Crecsent Bowling Co, also had their own representative involved in the deal.
Players
Nashville Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93