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5 City Blvd

Updated Oct 29, 2024

Goldman Sachs Provides $125M Loan For Mixed-Use Property In Nashville, TN
FINANCEDMixed-use

Goldman Sachs Provides $125M Loan For Mixed-Use Property In Nashville, TN

5 City Blvd

$125,000,000

$330,687/SF

Building Size

378 SF

Asset Type

Mixed-use

Closing

Apr 17, 2023

About this deal

AI

The mixed-use property located at 5 City Blvd in Nashville, TN has been involved in a recent transaction. The property spans a size of 378,000 square feet and is owned by Convexity Properties, who acted as the landlord in this deal. The transaction was facilitated by brokers Frank Thomasson and Bryan Fort from CBRE. The lender for this transaction was Goldman Sachs. The loan amount secured for this deal was $125,000,000.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $125,000,000
  • Address: 5 City Blvd, Nashville, TN
  • Market: Nashville, TN
  • Square Footage: 378,000
  • Landlord: Convexity Properties
  • Brokers: Frank Thomasson & Bryan Fort - CBRE
  • Lender: Goldman Sachs

This significant transaction involved various key individuals and companies. Frank Thomasson and Bryan Fort from CBRE played the role of brokers in this deal. They represented the parties involved, ensuring a smooth transaction process. This demonstrates the importance of broker representation in the real estate industry.

Players

Frank Thomasson

CBRE

Broker

$125M

vol

1 deal

Broker
CP
Convexity PropertiesLandlord

Nashville Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $330.7K per square foot on a published $125M for 378 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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