DZL Secures $42.5 Million Refinance For Baggage Building Mixed-use Property In Nashville
111 10th Avenue South
$42,500,000
$696/SF
Building Size
61,000 SF
Asset Type
Mixed-use
Closing
Sep 30, 2026
About this deal
AI
The Baggage Building is a Class A mixed-use office and retail property located at 111 10th Avenue South in Nashville, TN. The asset encompasses 61,000 square feet and recently secured a loan amount of $42,500,000 through refinancing.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $42,500,000
- Address: 111 10th Avenue South
- Market: Nashville, TN
- Landlord: Zach Liff - DZL
- Broker: Nicholas Nick Harb - Bellwether Enterprise
- Loan Type: Refinance
- Interest-only period included in the loan
Zach Liff, representing DZL, sponsored the financing for the Baggage Building. The refinance was arranged by Nicholas Nick Harb from Bellwether Enterprise, which coordinated with a regional bank for the loan agreement.
On the Map
$42,500,000
$696/SF
Mixed-use
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Players
Bowling Green Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93