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Conor Group's Multifamily In Nashville, TN Sold For $162M With Brokers Brett Carr & Kevin Geiger - CBRE

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SOLD
$162,000,000

Tennessee

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MultiFamily
Sold 06/01/2022
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Property Image
SOLD

Conor Group's Multifamily In Nashville, TN Sold For $162M With Brokers Brett Carr & Kevin Geiger - CBRE

2312 Elliston Place, Nashville, Tennessee 37203, United States

See Similar Deals
MultiFamily
Sold 06/01/2022
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Summary

TENNESSEE
Asset Type:MultiFamily
Transaction Type:Sale

The Conor Group has sold a multifamily property located at 2312 Elliston Pl in Nashville, TN. The property was sold for a total price of $162,000,000.

Summary of Transaction Details

The sale of this multifamily property marks an important transaction in the real estate market. The Conor Group, represented by brokers Brett Carr and Kevin Geiger from CBRE, successfully completed the deal for a significant sale price. The property is located in Nashville, TN, a desirable market known for its investment opportunities. This transaction showcases the strong demand for multifamily properties in this area and highlights the expertise of the involved parties in facilitating successful real estate deals.

Players

Kevin Geiger
5 deals$585.8M volume
BROKER

Brett Carr
CBRE
2 deals$240.5M volume
BROKER

Conor Commercial Real Estate
SELLER

Details

SOLD
IMAGE: Brett Carr & Kevin Geiger DATE: 06/01/2022 ADDRESS: 2312 Elliston Pl MARKET: Nashville, TN ASSET TYPE: Multifamily SELLER: The Conor Group BROKERS: Brett Carr & Kevin Geiger - CBRE SALE PRICE: $162,000,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,640,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$575,551.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$767,962.65
Annual Debt Service$9,215,551.78