Stos Partners Acquires Industrial Property In Spring Hill, Nashville, TN For $52M
3555 Cleburne Rd Spring Hill, TN 37174, USA
$52,000,000
$188/SF
Building Size
276,081 SF
Asset Type
Industrial
Closing
Jul 13, 2022
AI
An industrial property located at 3555 Cleburne Rd. in Spring Hill, Nashville, TN, has been sold for a total price of $52,000,000. The property spans a total area of 276,081 square feet, resulting in a price per square foot of $188. The transaction took place on July 14, 2022, and the buyer is Stos Partners, represented by CJ Stos, Jason Richards, Jay Boyle, and Tanner Jansen. Agracel acted as the seller in this deal. The sale was facilitated by Brett Wallach and William Sisk, brokers from Lee & Associates.
Summary of Transaction Details:
- Property Type: Industrial
- Sale Price: $52,000,000
- Square Footage: 276,081
- Price Per Square Foot: $188
- Transaction Date: July 14, 2022
- Buyer: Stos Partners (CJ Stos, Jason Richards, Jay Boyle, and Tanner Jansen)
- Seller: Agracel
- Brokers: Brett Wallach and William Sisk (Lee & Associates)
Stos Partners, along with CJ Stos, Jason Richards, Jay Boyle, and Tanner Jansen, were the key individuals representing the buyer in this transaction. Agracel acted as the seller, while the deal was facilitated by Brett Wallach and William Sisk from Lee & Associates. This sale highlights the strong demand for industrial properties in the Spring Hill, Nashville, TN market.
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