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117 Donelson Pike, Nashvill...

Pizzuti Cos Acquires Commercial Property In Nashville, TN For $4.4M
SOLDCommercial

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

The Pizzuti Companies
The Pizzuti CompaniesBuyer

Nashville Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

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