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200 Holland Drive

Northmarq Brokers Facilitate $40M Multifamily Sale In Clarksville, TN
SOLDMultiFamily

Northmarq Brokers Facilitate $40M Multifamily Sale In Clarksville, TN

200 Holland Drive

$40,000,000

$195,122/SF

Building Size

205 SF

Asset Type

MultiFamily

Closing

May 4, 2023

AI

The multifamily property located at 200 Holland Drive in Clarksville, TN has been sold in a recent transaction. The property spans 205 square feet and was sold for a total price of $40,000,000. This equates to a price per square foot of $195,122.

Summary of transaction details:

The deal was facilitated by the brokerage team from Northmarq, consisting of David Stollenwerk, Bryan Schellinger, Ben Crawford, and Brenden Bercaw. They represented the buyers and sellers in this transaction.

Players

Bryan Schellinger

NorthMarq

Broker

$567.7M

vol

11 deals

Broker

Clarksville 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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93