Champion Real Estate Company Sells Multifamily Property On Mcferrin Ave In Nashville For $20.5M
SOLD
$20,500,000
Tennessee
See Similar DealsMultiFamily1,095 SF
Sold 12/23/2021
SOLD
Champion Real Estate Company Sells Multifamily Property On Mcferrin Ave In Nashville For $20.5M
30 Mc Ferrin Avenue, Nashville, Tennessee 37206, United States
See Similar DealsMultiFamily1,095 SF
Sold 12/23/2021
Summary
TENNESSEE
Asset Type:MultiFamily
Price Per Square Foot:$18,721
Total Square Footage:1,095 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,093,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$72,832.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,180.46
Annual Debt Service$1,166,165.50
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