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

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SOLD
$109,750,000

Tennessee

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MultiFamily300,000 SF
Sold 08/16/2022
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SOLD

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

5150 Jack Byrnes Drive

See Similar Deals
MultiFamily300,000 SF
Sold 08/16/2022
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Summary

TENNESSEE
Asset Type:MultiFamily
Price Per Square Foot:$365
Total Square Footage:300,000 SF
Transaction Type:Sale

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
48 deals$1.7B volume(516) 507-0193
BROKER

Jay Weiner
Rosewood Realty Group
7 deals$611.9M volume
BROKER

Details

SOLD
IMAGE: Jay Weiner & Jonathan Brody DATE: 08/16/2022 ADDRESS: 5150 Jack Byrnes Dr. MARKET: Murfreesboro, TN ASSET TYPE: Multifamily BROKERS: Jay Weiner & Jonathan Brody - Rosewood Realty Group (@RoseWoodRG) SALE PRICE: $109,750,000 UNITS: 384 ~ PPU: $285,807 SF: 300,000 ~ PPSF: $365

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$389,918.58
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