Hendon Properties Sells Retail Property In Madison, TN For $8.1M
2056 Gallatin Pike N., Village
$8,100,000
$126/SF
Building Size
64,106 SF
Asset Type
Retail
Closing
Apr 25, 2023
About this deal
AI
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
Nashville 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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93