Cleeman Realty Group Brokers Sell Maynardville Retail Property For $6.9M
SOLD
$6,950,000
Tennessee
See Similar DealsRetail44,083 SF
Sold 09/02/2022
SOLD
Cleeman Realty Group Brokers Sell Maynardville Retail Property For $6.9M
4344 Maynardville Hwy 4344, Maynardville, Tennessee 37807, United States
See Similar DealsRetail44,083 SF
Sold 09/02/2022
Summary
TENNESSEE
Asset Type:Retail
Price Per Square Foot:$157
Total Square Footage:44,083 SF
Transaction Type:Sale
The retail property located at 4344 Maynardville Highway in Maynardville, TN has been sold. The property spans over 4.75 acres and was sold by Michael Cleeman & Jeremy Scheer of Cleeman Realty Group.
Summary of transation details
- Property Type: Retail
- Sale Price: $6,950,000
- Square Footage: 44,083
- Price per Square Foot: $158
- Address: 4344 Maynardville Highway, Maynardville, TN
- Market: Maynardville, TN
The deal was facilitated by Michael Cleeman & Jeremy Scheer of Cleeman Realty Group, who represented the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$370,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,691.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,946.55
Annual Debt Service$395,358.55
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