Halaby Capital Acquires Multifamily Property In Nashville For $9M
SOLD
$9,000,000
Tennessee
See Similar DealsMultiFamily
Sold 12/12/2022
SOLD
Halaby Capital Acquires Multifamily Property In Nashville For $9M
1100 Thompson Pl Nashville, TN 37217, USA
See Similar DealsMultiFamily
Sold 12/12/2022
Summary
TENNESSEE
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1100 Thompson Place in Nashville, TN was recently sold in a transaction on December 12, 2022. The property consists of 84 units, amounting to a per unit price of $107,143. The sale price for the property was $9,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Address: 1100 Thompson Place, Nashville, TN
- Market: Nashville, TN
- Buyer: Halaby Capital
- Broker: Ben Crawford - Marcus & Millichap
- Units: 84
- Price Per Unit: $107,143
The buyer of the property was Halaby Capital, represented by their broker Ben Crawford from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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