GBT Realty Corp Acquires Brentwood Corners Retail Center From CenterSquare Investment Management For $10.4M
214 Ward Circle
$10,400,000
$467/SF
Building Size
22,268 SF
Asset Type
Retail
Closing
Oct 21, 2025
About this deal
AI
The property involved in this transaction is a retail center located at 214 Ward Circle in Brentwood, Tennessee. It has a sale price of $10,400,000 and encompasses a total area of 22,268 square feet, resulting in a price per square foot of $467. The property is fully leased and underwent renovations in 2023, hosting tenants such as Serrato’s Steakhouse and Iron Tribe Fitness.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,400,000
- Square Footage: 22,268
- Price per Square Foot: $467
- Buyer: GBT Realty Corp
- Seller: CenterSquare Investment Management
The deal was executed with GBT Realty Corp acquiring the property from CenterSquare Investment Management, further solidifying their portfolio in the Brentwood market. The transaction reflects ongoing investment interest in retail assets featuring established tenants.
On the Map
$10,400,000
$467/SF
Retail
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Players
Brentwood 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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93