STOS Partners Acquires Industrial Property In Spring Hill, TN For $52M
SOLD
$52,000,000
Tennessee
See Similar DealsIndustrial276,056 SF
Sold 07/19/2022
SOLD
STOS Partners Acquires Industrial Property In Spring Hill, TN For $52M
3555 Cleaborne Road
See Similar DealsIndustrial276,056 SF
Sold 07/19/2022
Summary
TENNESSEE
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:276,056 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,773,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35
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