Rafael Weiss Acquires Retail Property From CHM Development In Sevierville For $9M
840 Winfield Dunn Parkway
$9,000,000
$421/SF
Building Size
21,380 SF
Asset Type
Retail
Closing
Jul 13, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 840 Winfield Dunn Parkway in Sevierville. The sale price of the property was $9,000,000, encompassing a total area of 21,380 square feet, which equates to a price per square foot of $420.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 840 Winfield Dunn Parkway
- Market: Sevierville
- Square Footage: 21,380
- Price Per Square Foot: $420
- Buyer: Rafael Weiss
- Seller: CHM Development
- Buyer's Representative: Tripp Brown - Bayridge Commercial Real Estate
The transaction showcases Rafael Weiss as the buyer and CHM Development as the seller, with Tripp Brown from Bayridge Commercial Real Estate representing the buyer. The successful closure reflects the ongoing activity in the retail market within the Sevierville area.
On the Map
$9,000,000
$421/SF
Retail
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Players
Sevierville 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93