The Lofts at Rose Monte

Multi-Family for Sale
Also listed as Vacant Land
Catylist Listing ID: 30519932
Property Subtypes: Low-Rise/Garden
Number of Units: See Agent
Building Size (RSF): 73,895 SF
Gross Building Area: See Agent
Gross Land Area: 19.71 Acres
Sale Price: $16,500,000
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/18/2019

Overview / Comments

SVN | Wood Properties is proud to present The Lofts at Rose Monte, a rare multifamily development opportunity in an approved PUD in Nashville, TN. This property includes 52 existing units and 13.34 acres of development-ready land approved for an additional 177 units. The existing units include modern architecture, open floorpans, private decks, and beautiful views of Brentwood. The remaining 13.34 acres are development-ready for the next phase of construction. Land work already completed for future phases includes: mass grading, rock blasting, storm water detention ponds, storm water primary pipes, all utilities on property, and a traffic light has been installed. The master plan was submitted and approved for 229 units total. Phase I of 52 units is complete. The remaining phases are ready to be completed. The current owner/developer is willing to develop the remaining phases for the buyer.

The sale of The Lofts at Rose Monte in Nashville, TN has garnered incredible interest, and we want to make you aware of an upcoming bid deadline.

THE BID DEADLINE IS 6 PM EASTERN ON FRIDAY, NOVEMBER 22ND, 2019.

Each bidder should make its highest and best offer. In the days following the bid deadline, the Seller will identify the three top bidders and interview each one, in order to determine the winning bidder.

Each bid should include the following information:
-Buyer (the actual buyer, and if different, the acquisition entity)
-Price
-Earnest/Trust Money (including what portion is refundable, if any)
-Due Diligence Period
-Summary of Due Diligence completed to date
-A description of any physical, financial or other assumptions which affect the offer price
-Contingencies, if any
-Conditions to closing, if any
-Closing Date
-Biography on the buyer entity and/or principals
-Financial strength of the buyer
-Recent comparable acquisitions
-Seller references from recent acquisitions
-Letter from a Lender on the entire project (acquisition and development) and terms of debt, if any

Incomplete bids may be discarded.

Bidders should submit offers to Cohl Morgan (cohl.morgan@svn.com) and George Brown (george.brown@svn.com).

The bid deadline is 6 pm eastern on Friday, November 22nd, 2019.

If you have any questions, please contact Cohl or George in advance of the bid deadline.

Attachments & Media

Additional Details

Nearest MSA: Nashville-Davidson--Murfreesboro--Franklin
County: Davidson
Tax ID/APN: 16100030700
Zoning: RM-15
Area Description: The Lofts at Rose Monte are located 5.3 miles from Brentwood, 9.5 miles from downtown Nashville, and 14 miles from Franklin. The property is located near many large retailers and restaurants and sits on a quiet bluff that provides beautiful views of Brentwood.
Total Number of Buildings: 9
Property Condition: Excellent
Year Built: 2017
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,547 85,273 186,646
Median Age: 31.85 33.91 34.12
Households: 5,301 33,152 73,224

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