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
Murfreesboro Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
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