Amazon Acquires South Nashville Warehouse For $22.75M
2960 Armory Dr, Nashville, TN 37204, USA
$22,750,000
$114/SF
Building Size
198,000 SF
Asset Type
Other
Closing
Nov 29, 2020
About this deal
AI
The property involved in this closed transaction is a warehouse located at 2960 Armory Drive in South Nashville, TN. The property has a total size of 198,000 square feet and was sold for a price of $22,750,000. This translates to a price per square foot of $114.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $22,750,000
- Address: 2960 Armory Drive, South Nashville, TN
- Market: South Nashville, TN
- Square Footage: 198,000
- Price per Square Foot: $114
The buyer of this property is the multinational technology company Amazon.
Players
Nashville-Davidson Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93