Updated Oct 28, 2024
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
About this deal
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.
The multifamily sale at 5800 Centennial Boulevard, Nashville, Tennessee 37209, United States in Nashville-Davidson, Tennessee sold for $96.5M in 2022. Reported inventory is 283 units across 283 units. Vincent Lefler, Tarek El Gammal, Newmark appear on the sale alongside Newmark. This page is the Nashville-Davidson, Tennessee file for the 5800 Centennial Boulevard, Nashville, Tennessee 37209, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Nashville-Davidson sit in the Market section below. Filter that Nashville-Davidson multifamily set by closing date to see what else sold near 5800 Centennial Boulevard, Nashville, Tennessee 37209, United States around 2022. Published consideration for 5800 Centennial Boulevard, Nashville, Tennessee 37209, United States is $96.5M, dated 2022. Cite this Weinstein Properties Acquires Multifamily Property In Nashville For $96.5M sale when underwriting similar multifamily product around Nashville-Davidson, Tennessee.
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93