SOLDRetail
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
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
Loading comparables…
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