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SNR Trading Buys Industrial Property From Balogh Associates In Franklin Township For $3.1M

Property Image
SOLD
$3,100,000

Tennessee

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Industrial25,000 SF
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Property Image
SOLD

SNR Trading Buys Industrial Property From Balogh Associates In Franklin Township For $3.1M

215 Davidson Ave, Franklin Township...

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Industrial25,000 SF
the dealplayerscompscontact
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Summary

TENNESSEE
Asset Type:Industrial
Price Per Square Foot:$124
Total Square Footage:25,000 SF
Transaction Type:Sale

Located in the Somerset section of Franklin, the industrial property at 215 Davidson Ave spans 25,000 square feet. SNR Trading acquired the asset from Balogh Associates for $3,100,000.00 in a recent transaction within the Franklin market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,100,000.00
  • Address: 215 Davidson Ave, Franklin Township
  • Market: Franklin
  • Buyer: SNR Trading
  • Seller: Balogh Associates
  • Buyer's Representative: Ronald Kraft()

In this deal, Ronald Kraft of Allied Realty served as the buyer's representative for SNR Trading. Balogh Associates, the seller, was represented by Zimmel Associates Vice President Jordan Zimmel. The strategic location of the property off Interstate 287 was highlighted as a key selling point during the transaction.

Players

Ronald Kraft
Ronald Kraft
1 deal$3.1M volume
BROKER

Details

SOLD
IMAGE: 215 Davidson Ave, Franklin Township... MARKET: Franklin ASSET TYPE: Industrial BUYER'S REP: Ronald Kraft() BUYER: SNR Trading SELLER: Balogh Associates PRICE: $3,100,000.00 SF: 25000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
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