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Adhikary LLC Purchases 2814 Azalea Place Office Property From Pinnacle Bank For $2.015M
SOLD
$2,015,000
Tennessee
See Similar DealsOffice
Sold 07/15/2025
SOLD
Adhikary LLC Purchases 2814 Azalea Place Office Property From Pinnacle Bank For $2.015M
2814 Azalea Place
See Similar DealsOffice
Sold 07/15/2025
Summary
TENNESSEE
Asset Type:Office
Transaction Type:Sale
An office property located at 2814 Azalea Place in Nashville, TN has been sold for $2,015,000. The transaction was part of a foreclosure deal, resulting in Adhikary LLC becoming the new owner of the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,015,000
- Buyer: Adhikary LLC
- Seller: Pinnacle Bank
- Sale Date: 07/15/2025
The transaction involved Adhikary LLC acquiring the property from Pinnacle Bank, indicating a transfer of ownership under specific circumstances related to foreclosure. No additional representatives are mentioned in this deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$107,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,158.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,552.13
Annual Debt Service$114,625.54
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