Updated Dec 4, 2024
Justin Timberlake Sells 127-Acre Nashville Land For $8M Through Tom Sullivan, Covey Rise Properties
Old Highway 96
$8,000,000
Building Size
—
Asset Type
Single Family
Closing
Jun 21, 2024
About this deal
AI
Justin Timberlake sold nearly 127 acres of land on Nashville's outskirts for $8 million, doubling his investment since purchasing it for $4 million in 2015.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,000,000
- Address: 0 Old Hwy 96
- Market: Nashville, TN
- Asset Type: Single Family ~ ACRES: 127
Tom Sullivan, from Covey Rise Properties, represented Justin Timberlake in the sale of the land.
The single family sale at Old Highway 96 in Nashville, Tennessee sold for $8M in 2024. Old Highway 96 is classified as Single Family on Traded. Tom Sullivan, Covey Rise Properties appear on the sale alongside Covey Rise Properties. This page is the Nashville, Tennessee file for the Old Highway 96 single family sold: pricing, party profiles, and other closed single family comps from the same Nashville sit in the Market section below. Filter that Nashville single family set by closing date to see what else sold near Old Highway 96 around 2024. Published consideration for Old Highway 96 is $8M, dated 2024. Cite this Justin Timberlake Sells 127-Acre Nashville Land For $8M Through Tom Sullivan, Covey Rise Properties sale when underwriting similar single family product around Nashville, Tennessee.
Players
Nashville Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93