William R. Lindsay & Lia Barsanti Of PCCP Acquire Industrial Facility In Spring Hill For $51M
4637 Port Royal Road
$51,000,000
$154/SF
Building Size
330,484 SF
Asset Type
Industrial
Closing
Aug 5, 2026
AI
A 330,484-square-foot Class A single-tenant industrial facility located at 4637 Port Royal Road in Spring Hill, Tennessee, was recently sold for $51 million. The property spans 26 acres and is fully leased, currently occupied by Prinova under a renewed 10-year lease, ensuring consistent cash flow in a constrained supply market in the Nashville area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $51,000,000
- Square Footage: 330,484
- Price per Square Foot: $154
- Address: 4637 Port Royal Road
- Market: Spring Hill, TN
- Buyer: William R. Lindsay & Lia Barsanti - PCCP; James Love - Distribution Realty Group
- Acquisition Type: Sale
- Acres: 26.0
PCCP and Distribution Realty Group finalized the acquisition of this facility from a private seller, enhancing their presence in the industrial market with this strategic investment that caters to supply constraints in the region.
Players
Port Royal 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