HHHunt Acquires Multifamily Property In Nashville For $86.6M
SOLD
$86,600,000
Tennessee
See Similar DealsMultiFamily
Sold 10/25/2022
SOLD
HHHunt Acquires Multifamily Property In Nashville For $86.6M
640 21st Avenue North, Nashville, Tennessee 37208, United States
See Similar DealsMultiFamily
Sold 10/25/2022
Summary
TENNESSEE
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 640 21st Ave N in Nashville, TN has been sold in a transaction. The property consists of 231 units and was sold for a total price of $86,600,000, resulting in a price per unit (PPU) of $374,892.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $86,600,000
- Units: 231
- Price Per Unit (PPU): $374,892
- Buyer: HHHunt
- Seller: Wood Partner
- Brokers: Tarek El Gammal & Vincent Lefler - Newmark
The buyer of the property is HHHunt, while the seller is Wood Partner. The transaction was facilitated by brokers Tarek El Gammal and Vincent Lefler from Newmark.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,618,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$307,671.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$410,528.18
Annual Debt Service$4,926,338.18
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