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Weinstein Properties Acquires Multifamily Property In Nashville For $96.5M

Property Image
SOLD
$96,500,000
Vincent Lefler
Tarek El Gammal

Tennessee

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MultiFamily
Sold 10/10/2022
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Property Image
SOLD

Weinstein Properties Acquires Multifamily Property In Nashville For $96.5M

5800 Centennial Boulevard, Nashville, Tennessee 37209, United States

See Similar Deals
MultiFamily
Sold 10/10/2022
Vincent Lefler
Tarek El Gammal
the dealplayerscompscontact
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Summary

TENNESSEE
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 5800 Centennial Blvd in Nashville, TN has been sold. The property consists of 283 units and was sold for a total price of $96,500,000, resulting in a per unit price of $340,989.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $96,500,000
  • Units: 283
  • Price Per Unit: $340,989

The buyer of the property is Weinstein Properties, and the sale was facilitated by Tarek El Gammal and Vincent Lefler from Newmark.

Players

Vincent Lefler
Newmark
Vincent Lefler
6 deals$376.9M volume
BROKER
Tarek El Gammal
Newmark
Tarek El Gammal
6 deals$376.9M volume
BROKER
WP
Weinstein Properties
BUYER

Details

SOLD
IMAGE: Tarek El Gammal & Vincent Lefler DATE: 10/10/2022 ADDRESS: 5800 Centennial Blvd MARKET: Nashville, TN ASSET TYPE: Multifamily BUYER: Weinstein Properties BROKERS: Tarek El Gammal & Vincent Lefler - Newmark SALE PRICE: $96,500,000 UNITS: 283 ~ PPU: $340,989

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,146,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$342,844.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$457,459.23
Annual Debt Service$5,489,510.78