Updated Dec 4, 2024
Brennan Investment Group Acquires 221K SF Industrial Asset In Nashville For $25.9M
5006 Harding Place
$25,900,000
$117/SF
Building Size
221,000 SF
Asset Type
Industrial
Closing
May 15, 2024
About this deal
AI
The industrial property involved in the transaction is a 221,000-square-foot warehouse complex located at 5006 Harding Place in Nashville, TN. The property was sold for $25.9 million to Brennan Investment Group, with a price per square foot of $117.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $25,900,000
- Address: 5006 Harding Place, Nashville, TN
- Market: Nashville, TN
Jack Armstrong, Steve Preston, and Will Goodman from CBRE served as the buyer's representatives in the deal, while Ben McKnight and Mike Russell from Horrell Company represented the seller. Brennan Investment Group made a strategic decision to enter Nashville's industrial market by acquiring this warehouse complex located in the Antioch neighborhood.
Players
Nashville 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
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93