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:
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 5255 Hickory Hollow Parkway
- Market: Antioch, TN
- Square Footage: 44,150
- Price per Square Foot: $159
- Buyer: NCT LLC
- Seller: Rocketown
- Buyer's Rep: Sheri Ma - MM Realty & Management
- Seller's Rep: Ben Claybaker & Brandon Hoop - NAI Capital
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
Antioch Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Ben Claybaker to view all their deals.
Browse Antioch office sales on Traded.
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