Updated Oct 28, 2024
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
About this deal
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.
On the Map
$17,500,000
MultiFamily
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Players
Oak Hill 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93