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5150 Jack Byrnes Drive

Rosewood Realty Group Brokers Sell Multifamily Property In Murfreesboro, TN For $109.75M
SOLDMultiFamily

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

Jonathan Brody

Base Realty Group

Broker

$1.7B

vol

48 deals

Broker

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