—Industrial
LRC Properties And Alpaca Real Estate Secure $22.9 Million Loan For Industrial Property In Smyrna
802 Swan Drive
$22,900,000
Building Size
—
Asset Type
Industrial
Closing
Oct 15, 2025
AI
A 246,000-square-foot industrial property located at 802 Swan Drive in Smyrna, TN was acquired through financing. The property is strategically positioned 18 miles from Nashville International Airport, featuring one available 50,000-square-foot space and two additional buildings scheduled for renovation that will include new loading docks.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,900,000
- Lender: Jordan Heller - Lightstone Capital
- Landlord: Karie Nero - LRC Properties & Alpaca Real Estate
- Loan Type: Acquisition
LRC Properties and Alpaca Real Estate played a key role in securing acquisition financing for the transaction, collaborating with Lightstone Capital to complete the deal effectively.
Players
Smyrna Industrial Market Snapshot
Boundary boundary · Industrial · All transaction types transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93