Weinstein Properties Acquires Multifamily Property In Nashville For $96.5M
5800 Centennial Boulevard, Nashville, Tennessee 37209, United States
$96,500,000
Units
283
Asset Type
MultiFamily
Closing
Oct 9, 2022
AI
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
Nashville-Davidson 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93