Tuesday, January 30th, 2024 January30th2024

SOLD ALERT: Franklin Office Condo Sold for $351/SF

Published on January 30th, 2024

Sold Alerts provide potential sellers with hard-to-get comparable sale information.

 

 

Go behind the scenes with this undisclosed, off-the-record transaction that may affect the value of your commercial property:
  • 101 Forrest Crossing Blvd is roughly located at Mack Hatcher and S. Royal Oaks in Franklin.
  • The 19-year-old office condo is 5,108 SF total between two combined units.
  • This lesser-known office condo location was formerly home to Advanced Neurosciences Institute.
  • Other businesses in the property include Attorney William Miller, Restorative Prosthetics & Orthotics, Structural Engineering & Inspections, Franklin Periodontal and AmeriPro Roofing.
  • The condo last traded in 2011 for $900,000.
  • The buyer put 25% down with financing from Frist Citizens Bank at 7.57% for 10 years.
  • The asking price was $1,925,000.
  • 55 days on market.
  • The office condo just sold for $1,794,000…the equivalent of $351/SF.

 


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About Beau Beach, MBA CCIM

Beau is a battle-tested Commercial Real Estate Broker, entrepreneur, author and adoring father of four.  His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is an elite commercial real estate brokerage for sellers in 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.

Click to schedule a call with Beau or email to Beau@SoldbyBeachwood.com