STOS Partners Acquires Industrial Property In Spring Hill, TN For $52M
3555 Cleaborne Road
$52,000,000
$188/SF
Building Size
276,056 SF
Asset Type
Industrial
Closing
Jul 19, 2022
AI
The industrial property located at 3555 Cleburne Rd in Spring Hill, TN has been sold for a price of $52,000,000. The property spans 276,056 square feet and has a price per square foot of $188. The buyer in this transaction is STOS Partners, while the seller is Agracel Inc. The deal was facilitated by Brett Wallach and William Sisk of Lee & Associates.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $52,000,000
- Address: 3555 Cleburne Rd, Spring Hill, TN
- Market: Spring Hill, TN
- Square Footage: 276,056
- Price per Square Foot: $188
- Buyer: STOS Partners
- Seller: Agracel Inc
- Brokers: Brett Wallach & William Sisk - Lee & Associates
Brett Wallach and William Sisk of Lee & Associates played a key role in representing both the buyer, STOS Partners, and the seller, Agracel Inc, in this industrial property transaction. Their expertise and negotiation skills helped facilitate the successful sale of the property at 3555 Cleburne Rd in Spring Hill, TN.
Players
Spring Hill 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93