facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Tennessee

/

Multifamily

/

Sale

/

5544 Franklin Pike, Nashvil...

Mayfair & Navarino Acquire Multifamily Properties In Nashville, TN & Huntsville, AL For $17.5M
SOLDMultiFamily

Mayfair & Navarino Acquire Multifamily Properties In Nashville, TN & Huntsville, AL For $17.5M

5544 Franklin Pike, Nashville, Tennessee 37220, United States

$17,500,000

Building Size

Asset Type

MultiFamily

Closing

Jun 12, 2022

AI

A multifamily property located at 5544 Franklin Pike in Nashville, TN and 4020 Independence Dr NW in Huntsville, AL has been sold for approximately $17,500,000. The transaction involved the buyers, Mayfair & Navarino, and the sellers, 3MC Partners & Penn Capital Group. The property is situated in two markets, Nashville, TN and Huntsville, AL.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,500,000
  • Address: 5544 Franklin Pike, Nashville, TN & 4020 Independence Dr NW, Huntsville, AL
  • Market: Nashville, TN & Huntsville, AL
  • Buyer: Mayfair & Navarino
  • Seller: 3MC Partners & Penn Capital Group

The deal was facilitated by Eric Hardesty, Stephen Perlis, and Wade Lowry from The Kirkland Company, who acted as the brokers representing the buyer and seller.

Players

Eric Hardesty

The Kirkland Company

Broker

$17.5M

vol

1 deal

Broker

Oak Hill MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93