Invictus Real Estate Partners And L3C Capital Partners Acquire 282-Unit Multifamily In Nashville, TN For $93.6M
541 Great Circle Road, Nashville, Tennessee 37228, United States
Units
282
Asset Type
MultiFamily
Closing
Nov 10, 2022
AI
The multifamily property located at 541 Great Circle Rd in Nashville, TN has been sold in a recent transaction. The property consists of 282 units and was sold for a total price of $93,600,000, resulting in a per unit price of approximately $331,915.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $93,600,000
- Address: 541 Great Circle Rd, Nashville, TN
- Market: Nashville, TN
- Buyer: Invictus Real Estate Partners LLC & L3C Capital Partners - Jonathan Leifer
- Seller: Alpha Capital Partners
- Brokers: Tarek El Gammal & Vincent Lefler - Newmark
Jonathan Leifer from Invictus Real Estate Partners LLC & L3C Capital Partners played a key role as the buyer in this transaction. Alpha Capital Partners acted as the seller. The deal was facilitated by Tarek El Gammal and Vincent Lefler from Newmark.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93