Active
Downtown Commerce Center
Nashville, TN
Overview
Asset class
Real Estate
Property type
Office
Current value
$48,900,000
Acquisition price
$45,200,000
Total appreciation
$3,700,000
Rental yield
7.9%
Occupancy rate
89.3%
Fund
FNTVS Income eREIT
Property image not available
Performance
+8.2%
Total Appreciation
$3,700,000
Appreciation Value
$3,850,000
Annual Rental Income
7.9%
Rental Yield
Property Value Performance
Acquisition:
$45,200,000
Current:
$48,900,000
Total Appreciation:
+8.2%
Holding Period:
62 months
Financial Details
Investment Overview
Acquisition price
$45,200,000
Current market value
$48,900,000
Total appreciation
$3,700,000
Appreciation percentage
+8.2%
Cash Flow Analysis
Annual rental income
$3,850,000
Operating expenses
$1,540,000
Net operating income
$2,310,000
Net cash flow
$2,310,000
Rental yield
7.87%
Cap rate
4.7%
Cash-on-cash return
5.11%
Risk Metrics
Debt-to-value ratio
0.0%
Occupancy rate
89.3%
Holding period
63 months
Return Breakdown
Rental income yield
7.9%
Appreciation contribution
8.2%
Cash yield
7.4%
Total return
16.1%
Property Information
Basic Information
Property type
Office
Property class
Class B
Location
Nashville, TN
Acquisition date
Nov 10, 2020
Status
Active
Income producing
Yes
Physical Characteristics
Total square footage
185,000 sq ft
Rentable square footage
175,000 sq ft
Number of floors
12
Year built
1985
Year renovated
2018
Price per sq ft
$264.32
Investment Strategy
Strategy type
Value Add
Projected exit date
Nov 2027
Fund ownership
100.0%
Key Metrics
Cap rate
4.7%
Cash flow
$2,310,000
Debt-to-value
0.0%
Square footage
185,000 sq ft
Rent per sq ft
$22.00/yr
Investment Thesis
Nashville's diverse economy and continued population growth support strong office fundamentals. Recent renovations have positioned the property to attract quality tenants.
Location
550 Commerce Street
Nashville, TN 37203, US
Full Address
550 Commerce Street
Nashville, TN 37203
Property Type
Office - Class B
Year Built
1985 (Renovated 2018)
Property Size
185,000 sq ft
Amenities & Features
Property Amenities
Recently renovated lobby and common areas
Modern elevator systems
Structured parking garage
On-site fitness center
Conference facilities
Outdoor terrace spaces
Key Investment Features
Prime downtown Nashville location
Diverse tenant base with strong credit
Recent capital improvements completed
Walkable to entertainment and dining
Our strategy
Real Estate Investment Strategy
Build a diversified portfolio of institutional-quality real estate assets that generate stable income and long-term appreciation
- Expected variability of return: Low to Moderate
- Timing of expected return: Quarterly distributions from rental income
- Primary expected source of returns: Rental income and property appreciation
- Asset focus: Income-generating properties in growing markets
- Geographic strategy: Diversified across major metropolitan markets
- Property management: Professional third-party management with institutional oversight
This section is intended to provide a general overview of the investment strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.
