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829 Gale Lane
Nashville, TN 37204
Asking Price
$1.60M
Cap Rate
5.85%
Asset Type
Traditional Office Retail
Class
Class B
What's Special
Very Desirable Location with Stable Tenant Base <p><span style="color: rgba(34, 34, 34, 1)">Rare neighborhood office space tucked between 12S and Oak Hill along Franklin Rd! New condos being built in the adjacent lot. The main level is triple-net leased as a single unit with roughly 2000sf. The 2000sf basement level is split and currently gross leased as 6 individual suites. Both levels have common areas, kitchens, and bathrooms. The building and location are highly sought after and have stayed fully leased for the past 9 years. The upstairs
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124
