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Marcus & Millichap Sells Maryville Commons Retail Property In Maryville, Tennessee For $14.3M
SOLD
$14,333,642
Tennessee
See Similar DealsRetail123,550 SF
Sold 10/02/2023
SOLD
Marcus & Millichap Sells Maryville Commons Retail Property In Maryville, Tennessee For $14.3M
726 Watkins Road & 742 Watkins Road
See Similar DealsRetail123,550 SF
Sold 10/02/2023
Summary
TENNESSEE
Asset Type:Retail
Price Per Square Foot:$116
Total Square Footage:123,550 SF
Transaction Type:Sale
Marcus & Millichap has announced the sale of Maryville Commons, a 61,775-square-foot retail property located at 726 & 742 Watkins Road in Maryville, Tennessee. The property was sold for a total of $14,333,642, which translates to a price per square foot of $232.
Summary of transaction details
- Property Type: Retail
- Sale Price: $14,333,642
- Square Footage: 61,775
- Price per Square Foot: $232
- Address: 726 & 742 Watkins Road, Maryville, TN
- Market: Maryville, TN
Jody McKibben and Tim Giambrone from Marcus & Millichap represented the parties involved in the transaction as brokers.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$764,460.90
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,924.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,948.78
Annual Debt Service$815,385.31
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