Everwest & Sagard Real Estate Acquires Industrial Property In Mount Juliet, TN For $7.3M
135 Maddox Road
$7,325,000
$144/SF
Building Size
50,590 SF
Asset Type
Industrial
Closing
Dec 29, 2023
AI
This industrial property located at 135 Maddox Road in Mount Juliet, TN has been sold in a closed transaction. The property spans over 50,590 square feet and sits on 7.6 acres. The sale price for this transaction amounted to $7,325,000, resulting in a price per square foot of $145.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $7,325,000
- Square Footage: 50,590
- Address: 135 Maddox Road
- Market: Mount Juliet, TN
The buyer in this transaction is Everwest & Sagard Real Estate, while the sellers are David A. Bockian and Michael Dodson. The brokers involved in facilitating this deal are David Warren, Charles Fteha, and Bunny Escava from KSR. It is worth noting that this IOS/Truck Terminal was sold off-market and closed swiftly within just 2 weeks after signing. For similar transactions, you can reach out to David Warren at [email protected] and Charles Fteha at [email protected].
Players
Mount Juliet Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93