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5255 Hickory Hollow Parkway

Updated Dec 4, 2024

NCT LLC Acquires Office Building From Rocketown For $7M In Antioch Transaction
SOLDOffice

NCT LLC Acquires Office Building From Rocketown For $7M In Antioch Transaction

5255 Hickory Hollow Parkway

$7,000,000

$158/SF

Building Size

44,150 SF

Asset Type

Office

Closing

May 17, 2024

About this deal

AI

An office building spanning 44,150 square feet located at 5255 Hickory Hollow Parkway in Antioch, TN, was sold for $7,000,000. NCT LLC acquired the property from Rocketown. The transaction was facilitated by Sheri Ma from MM Realty & Management representing the buyer, and Ben Claybaker & Brandon Hoop from NAI Capital representing the seller.

Summary of transaction details:

NAI Nashville Stanton Group played a key role in brokering the deal. The office building, previously operated by Rocketown of Middle Tennessee as a live concert venue and skate park, changed ownership in this $7 million transaction. The involvement of the buyer's representative, Sheri Ma, from MM Realty & Management, together with the seller's representatives, Ben Claybaker and Brandon Hoop from NAI Capital, ensured a successful sale.

Players

Ben Claybaker

NAI Global

Broker

$7M

vol

2 deals

Broker

Antioch Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $158 per square foot on a published $7M for 44,150 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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