Updated Dec 19, 2023
Adam Rosenberg & Aryn Spahr Acquire Hermitage Multifamily For $6.5M
5768 Old Hickory Boulevard, Hermitage, Tennessee 37076, United States
$6,500,000
Units
108
Asset Type
MultiFamily
Closing
Jul 17, 2022
About this deal
AI
A multifamily property located at 5768 Old Hickory Blvd in Hermitage, TN, has been sold in a recent transaction. The property consists of 108 units and was sold for a total price of $6,500,000, resulting in a per unit price of $60,185.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
Adam Rosenberg and Aryn Spahr have purchased the property from Jai Ganesha. The deal was facilitated by Adam Klenk, Jordan Arand, and Austin Heithcock of Capstone Apartment Partners.
On the Map
$6,500,000
MultiFamily
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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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93