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811 Mcgavock Street

Convention Center Authority Of Metro Government Of Nashville Purchases Parking Lot For $52 Million
SOLDParking Lot

Convention Center Authority Of Metro Government Of Nashville Purchases Parking Lot For $52 Million

811 Mcgavock Street

$52,000,000

$24/SF

Building Size

2,100,000 SF

Asset Type

Parking Lot

Closing

Jun 11, 2026

AI

The asset involved in this transaction is a parking lot located at 811 McGavock Street in Nashville, TN. The property encompasses 1.3 acres, and the sale was made for a price of $52,000,000. The square footage of the property totals 2,100,000, resulting in a price per square foot of $25.

Summary of transation details:

  • Property Type: Parking Lot
  • Transaction Amount: $52,000,000
  • Address: 811 McGavock Street, Nashville, TN
  • Market Value: Nashville, TN
  • Acres: 1.3
  • Square Footage: 2,100,000
  • Price Per Square Foot: $25
  • Buyer: Convention Center Authority of Metro Government of Nashville & Davidson County
  • Seller: U.S. General Services Administration

The deal featured the Convention Center Authority of Metro Government of Nashville & Davidson County acquiring the property from the U.S. General Services Administration, specifically the former Estes Kefauver Federal Building parking garage site.

Players

UA
U.S. General Services AdministrationSeller

Nashville Parking Lot Market Snapshot

Boundary boundary · Parking Lot · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93