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Northmarq Brokers Facilitate $40M Multifamily Sale In Clarksville, TN
SOLD
$40,000,000
+ 1
Tennessee
See Similar DealsMultiFamily205 SF
Sold 05/04/2023
SOLD
Northmarq Brokers Facilitate $40M Multifamily Sale In Clarksville, TN
200 Holland Drive
See Similar DealsMultiFamily205 SF
Sold 05/04/2023
+ 1
Summary
TENNESSEE
Asset Type:MultiFamily
Price Per Square Foot:$195,122
Total Square Footage:205 SF
Transaction Type:Sale
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:
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Address: 200 Holland Drive
- Market: Clarksville, TN
- Brokers: David Stollenwerk, Bryan Schellinger, Ben Crawford & Brenden Bercaw - Northmarq
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88
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