Hendon Properties Sells Retail Property In Madison, TN For $8.1M
SOLD
$8,100,000
Tennessee
See Similar DealsRetail64,106 SF
Sold 04/25/2023
SOLD
Hendon Properties Sells Retail Property In Madison, TN For $8.1M
2056 Gallatin Pike N., Village
See Similar DealsRetail64,106 SF
Sold 04/25/2023
Summary
TENNESSEE
Asset Type:Retail
Price Per Square Foot:$126
Total Square Footage:64,106 SF
Transaction Type:Sale
The retail property located at 2056 Gallatin Pike N., Village in Madison, TN was recently sold for $8,100,000. The property spans 64,106 square feet and was sold at a price of $126 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,100,000
- Address: 2056 Gallatin Pike N., Village, Madison, TN
- Market: Madison, TN
- Seller: Hendon Properties
- Brokers: John Tennant & Bryan Belk - Franklin Street
- Square Footage: 64,106
- Price per Square Foot: $126
This transaction was facilitated by brokers Bryan Belk and John Tennant from Franklin Street representing the seller, Hendon Properties.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$432,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59
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