Cooper Commercial Acquires Office Property On Parkside Dr In Knoxville, TN For $24.5M
SOLD
$24,500,000
Tennessee
See Similar DealsOffice
Sold 08/22/2022
SOLD
Cooper Commercial Acquires Office Property On Parkside Dr In Knoxville, TN For $24.5M
11400 Parkside Dr Knoxville, TN 37934, USA
See Similar DealsOffice
Sold 08/22/2022
Summary
TENNESSEE
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99
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