Greystar Acquires Multifamily Property On Antioch Pike For $73.6M
100 Antioch Pike, Nashville, Tennessee 37211, United States
$73,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 15, 2021
AI
The recently closed property transaction in Nashville, TN involved a multifamily asset located at 100 Antioch Pike. The property spans across 24 acres, offering a sizable investment opportunity in a sought-after market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $73,600,000
- Units: 323
- Price Per Unit: $227,864
- Buyer: Greystar - Bob Faith
- Seller: Carroll Organization - M. Patrick Carroll
Leading the acquisition is Greystar, represented by Bob Faith. The buyer saw great potential in this multifamily property, highlighting its appeal in the Nashville market. On the other side, the Carroll Organization, led by M. Patrick Carroll, served as the seller in this transaction. The successful deal demonstrates the confidence in the asset's value and the opportunities it presents.
Players
Nashville-Davidson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93