Weinstein Properties Acquires Bexley Stockyards Apartments In Germantown For $114.57M
222 Stockyard Boulevard
$114,570,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 6, 2023
AI
Weinstein Properties has acquired the Bexley Stockyards apartments in Germantown, just outside Nashville, for $114.57 million. The property is a multifamily asset consisting of 342 units, with a price per unit of $335,000. Located at 222 Stockyard Boulevard, the apartments are situated in a desirable area in Nashville, TN.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $114,570,000
- Units: 342
- Price Per Unit: $335,000
- Date: 12/06/2023
- Market: Nashville, TN
Marcus Weinstein of Weinstein Properties acted as the buyer in this transaction, representing his company. On the other side, Marc Ricks of ShopCore Properties served as the seller. This acquisition marks a significant investment by Weinstein Properties, expanding their presence in the Nashville market.
Players
Nashville 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93