John Bergantino Of Conestoga Real Estate Acquires Hillsboro Shoppes From Elliott Smith For $10.85M
3706 Hillsboro Pike
$10,850,000
$542/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Oct 15, 2026
About this deal
AI
The transaction involves the acquisition of a retail center located at 3706 Hillsboro Pike, Nashville, TN. The asset spans 20,000 square feet and was sold for $10,850,000, which corresponds to a price per square foot of $543.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,850,000
- Buyer: John Bergantino - Conestoga Real Estate
- Seller: Elliott Smith - Horrell Company
- Financing: $7.34 million loan from Renasant Bank
- Market: Nashville, TN
This transaction is notable as it represents Conestoga Real Estate's first deal, with the acquisition of the fully leased Hillsboro Shoppes, which is tied to an entity associated with Horrell Company.
On the Map
$10,850,000
$542/SF
Retail
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Players
Nashville 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93