Cooper Commercial Acquires Office Property On Parkside Dr In Knoxville, TN For $24.5M
11400 Parkside Dr Knoxville, TN 37934, USA
$24,500,000
Building Size
—
Asset Type
Office
Closing
Aug 21, 2022
About this deal
AI
The office property located at 11400 Parkside Dr in Knoxville, TN has been sold in a transaction facilitated by broker Dan Cooper of Cooper Commercial. The sale price for this transaction was $24,500,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $24,500,000
- Broker: Dan Cooper - Cooper Commercial
- Market: Knoxville, TN
This deal was made possible through the representation of Dan Cooper from Cooper Commercial.
The office sale at 11400 Parkside Dr Knoxville, TN 37934, USA in Knoxville, Tennessee sold for $24.5M in 2022. 11400 Parkside Dr Knoxville, TN 37934, USA is classified as Office on Traded. Dan Cooper, Cooper Group appear on the sale alongside Cooper Group. This page is the Knoxville, Tennessee file for the 11400 Parkside Dr Knoxville, TN 37934, USA office sold: pricing, party profiles, and other closed office comps from the same Knoxville sit in the Market section below. Filter that Knoxville office set by closing date to see what else sold near 11400 Parkside Dr Knoxville, TN 37934, USA around 2022. Published consideration for 11400 Parkside Dr Knoxville, TN 37934, USA is $24.5M, dated 2022. Cite this Cooper Commercial Acquires Office Property On Parkside Dr In Knoxville, TN For $24.5M sale when underwriting similar office product around Knoxville, Tennessee.
On the Map
$24,500,000
Office
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Players
Knoxville Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93