Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.
- Known as College Central, 2804 S Rutherford Blvd is a strip retail center that’s shadow anchored by Walmart.
- The multi-tenant, 45,640 SF center was built in 2003.
- Tenants include: Metro by T-Mobile, Sally Beauty, Jackson Hewitt Tax Service, Liberty Safe, Jay’s Smoqued BBQ, Daily Buffet and Grill, Dollar Tree and City Gear.
- There is one 1,600 SF vacancy with an asking rent of $17/SF NNN.
- On the market for 149 days, the asking price was $8,530,000.
- The deal traded at a 7.2% cap rate.
- The property just sold for $8,575,000…the equivalent of $188/SF.
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About Beau Beach, MBA CCIM
Beau is a battle-tested Commercial Real Estate Broker, entrepreneur and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.
Beau leads Beachwood which is a nationwide commercial real estate brokerage for sellers…with emphasis in Nashville and the Southeast.
He’s earned the revered “CCIM” designation which is awarded to the top 6% of all commercial real estate brokers.
He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.
Beau can be reached at 800-721-3287, click to schedule a call or Beau@soldbybeachwood.com