Marcus & Millichap Sells Maryville Commons Retail Property In Maryville, Tennessee For $14.3M
726 Watkins Road & 742 Watkins Road
$14,333,642
$116/SF
Building Size
61,775 SF
Asset Type
Retail
Closing
Oct 2, 2023
About this deal
AI
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.
Players
Maryville 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93