Sold Alerts provide potential sellers with hard-to-get comparable sale information.
- 117 Wheeler Street in La Vergne, TN is an 8,000 SF block building on a .71 acre parcel of land.
- Constructed in 1997, the building is fully occupied by Team Aerospace.
- Located between Tennessee Awnings and Assembly Fasteners.
- Across from Mountain Air.
- Easy access to Hwy 41 at Jefferson Pike.
- One drive-in door, one loading dock.
- The buyer put 10% down with two mortgages.
- The first position mortgage is 50% from US Bank at 6.64%.
- The second position mortgage is 40% seller financing at the same interest rate.
- The property last traded in 2013 for $450,000.
- The property just sold for $1,800,000…the equivalent of $225/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