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:
- 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.
Players
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