Rosewood Realty Group Brokers Sell Multifamily Property In Murfreesboro, TN For $109.75M
5150 Jack Byrnes Drive
$109,750,000
$365/SF
Building Size
300,000 SF
Asset Type
MultiFamily
Closing
Aug 16, 2022
AI
The multifamily property located at 5150 Jack Byrnes Dr. in Murfreesboro, TN has been sold in a closed transaction. The sale was facilitated by Jay Weiner and Jonathan Brody from Rosewood Realty Group. The property consists of 384 units, with an average price per unit of $285,807. It spans across 300,000 square feet, with a price per square foot of $365.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $109,750,000
- Number of Units: 384
- Price per Unit: $285,807
- Square Footage: 300,000
- Price per Square Foot: $365
Jay Weiner and Jonathan Brody from Rosewood Realty Group played a crucial role as brokers in representing the parties involved in this transaction.
Players
Murfreesboro 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