Studio Capital Acquires Retail Property In Memphis For $2.7M
2 North Main Street memphis & 2 N Main St, Memphis, Tennessee 38103, United States
$2,700,000
$57/SF
Building Size
23,362 SF
Asset Type
Retail
Closing
Jun 9, 2022
About this deal
AI
A retail property located at 2 N Main St in Memphis, TN has been sold. The property spans 23,362 square feet and was sold for a price of $2,700,000, resulting in a price per square foot of $116.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Square Footage: 23,362
- Address: 2 N Main St, Memphis, TN
- Market: Memphis, TN
Studio Capital has acquired the retail property from Drapac Capital Partners.
The retail sale at 2 North Main Street memphis in Collierville, Tennessee sold for $2.7M in 2022. The building is 46,724 square feet, implying about 57 per square foot on the published price. This page is the Collierville, Tennessee file for the 2 North Main Street memphis retail sold: pricing, party profiles, and other closed retail comps from the same Collierville sit in the Market section below. Filter that Collierville retail set by closing date to see what else sold near 2 North Main Street memphis around 2022. Published consideration for 2 North Main Street memphis is $2.7M, dated 2022. Cite this Studio Capital Acquires Retail Property In Memphis For $2.7M sale when underwriting similar retail product around Collierville, Tennessee.
Players
Collierville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93