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RealtyLink LLC Sells 22,988 Square Foot Retail Property In Nashville For $9.5M
SOLD
Tennessee
See Similar DealsRetail22,988 SF
Sold
SOLD
RealtyLink LLC Sells 22,988 Square Foot Retail Property In Nashville For $9.5M
5821 Nolensville Pike
See Similar DealsRetail22,988 SF
Sold
Summary
TENNESSEE
Asset Type:Retail
Price Per Square Foot:$413
Total Square Footage:22988 SF
Transaction Type:Sale
A 22,988-square-foot retail property located at 5821 Nolensville Pike in Nashville, TN, was sold for $9,500,000. The property is leased to Sprouts Farmers Market, featuring multiple renewal options and scheduled rent increases.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,500,000
- Square Footage: 22,988
- Sale Price per Square Foot: $413
- Seller: RealtyLink LLC
- Buyer's Representative: Chris Thompson - JRW Realty
- Seller's Representatives: Jeff Lefko & Bill Asher - Hanley Investment Group; Joe Caccamo & Lea Kuehnhackl - CP Partners
The transaction involved a Los Angeles investor as the buyer. The brokers facilitating the deal were Hanley Investment Group and CP Partners, representing the seller in this transaction.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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