Champion Real Estate Company Sells Multifamily Property On Mcferrin Ave In Nashville For $20.5M
30 Mc Ferrin Avenue, Nashville, Tennessee 37206, United States
$20,500,000
$18,721/SF
Building Size
1,095 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
AI
The multifamily property located at 30 Mcferrin Ave in Nashville, TN has been sold for a total price of $20,500,000. This transaction was facilitated by the Champion Real Estate Company, with Parker Champion representing the seller. The Kirkland Company, represented by William Kirkland & Miller Harris, acted as the broker in this deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,500,000
- Units: 74
- Price per Unit: $277,027
- Square Footage: 1,095
- Price per Square Foot: $18,721
The seller, Champion Real Estate Company, led by Parker Champion, successfully closed this transaction. The Kirkland Company, represented by William Kirkland & Miller Harris, played a crucial role as the broker in this deal.
Players
Nashville-Davidson 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93