OakPoint Capital Partners Acquires Office Portfolio In Nashville For $41.5M
15 Century Boulevard, Nashville, Tennessee 37214, United States
$41,500,000
$108,638/SF
Building Size
382 SF
Asset Type
Office
Closing
Dec 29, 2022
About this deal
AI
The office property located at 15, 22 & 25 Century Blvd in Nashville, TN has been sold. The transaction took place on December 29, 2022. The property is a total of 382,164 square feet in size and was sold for a price of $41,500,000, resulting in a price per square foot of $109. The buyer of the property is OakPoint Capital Partners, while the seller is Gemini Investments.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $41,500,000
- Address: 15, 22 & 25 Century Blvd, Nashville, TN
- Square Footage: 382,164
- Price per Square Foot: $109
- Buyer: OakPoint Capital Partners
- Seller: Gemini Investments
OakPoint Capital Partners acted as the buyer in this transaction, represented by their brokerage firm. Similarly, Gemini Investments represented the seller as their broker in the deal.
Players
Nashville 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93