Updated Dec 4, 2024
JLL Brokers Secure $20.8M Acquisition Loan For Industrial Property In Smyrna, TN
2699 Highwood Boulevard
$20,800,000
$77/SF
Building Size
267,597 SF
Asset Type
Industrial
Closing
Jun 25, 2024
About this deal
AI
The industrial property located at 2699 Highwood Boulevard in Smyrna, TN spans 267,597 square feet. The property was acquired through an Acquisition Loan worth $20,800,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,800,000
- Landlord: Jason Isaacson, Josh Procacci & Alex Nunner - IP Capital Partners
- Brokers: Chris Drew, Michael DiCosimo, Nicole Barba & Anthony Sansone - JLL
The deal involved key individuals including Jason Isaacson, Josh Procacci, Alex Nunner, Chris Drew, Michael DiCosimo, Nicole Barba, and Anthony Sansone who represented the parties in this property acquisition.
On the Map
$20,800,000
$77/SF
Industrial
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Players
Smyrna Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93