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EQT Real Estate Sells Development Site In Nashville For $8 Million After Significant Price Drop
SOLD
$8,000,000
Tennessee
See Similar DealsDevelopment Site
Sold 12/09/2025
SOLD
EQT Real Estate Sells Development Site In Nashville For $8 Million After Significant Price Drop
531 Lafayette Street & 533 Lafayette Street
See Similar DealsDevelopment Site
Sold 12/09/2025
Summary
TENNESSEE
Asset Type:Development Site
Transaction Type:Sale
The transaction involved a development site located at 531 Lafayette Street & 533 Lafayette Street in Nashville, TN. The property spans 1.37 acres and was sold for $8,000,000. This marked a significant decrease in value from the previous purchase price of $22.75 million in 2022.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,000,000
- Seller: EQT Real Estate
- Sale Date: 12/09/2025
- Market: Nashville, TN
The seller, EQT Real Estate, is based in Philadelphia and executed this sale of the Pie Town site, reflecting a notable drop of nearly 65% from their initial investment made just three years prior.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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