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2615 Medical Center Parkway

Big V Property Group Refinances Retail Property At 2615 Medical Center Parkway, Nashville MSA, TN With $125M Loan
FINANCEDRetail

Big V Property Group Refinances Retail Property At 2615 Medical Center Parkway, Nashville MSA, TN With $125M Loan

2615 Medical Center Parkway

$125,000,000

$147/SF

Building Size

846,467 SF

Asset Type

Retail

Closing

Sep 15, 2023

AI

The property involved in this transaction is a retail asset located at 2615 Medical Center Parkway in the Nashville MSA, TN. The property spans a total of 846,467 square feet. The transaction for this property involves a refinancing loan.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $125,000,000
  • Address: 2615 Medical Center Parkway, Nashville MSA, TN
  • Market: Nashville MSA, TN
  • Loan Type: Refinance
  • Landlord: Jeffrey Rosenberg, Bryan Kallenberg, Dean Lumish - Big V Property Group
  • Landlord's Advisor: Chris Drew, Matthew Casey & Brian Dawson - JLL

The deal was facilitated by Jeffrey Rosenberg, Bryan Kallenberg, and Dean Lumish - representatives of Big V Property Group. They were advised by Chris Drew, Matthew Casey, and Brian Dawson from JLL.

Players

Bryan Kallenberg

Broker

$1.1B

vol

9 deals

Broker
Bryan Kallenberg

Bryan Kallenberg

Big V Property Group

Landlord

$1.1B

vol

9 deals

Landlord

Murfreesboro Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93