Wednesday, March 31st, 2021 March31st2021

Sold Alert: Small Midtown Office Building Sells for $276/SF

Published on March 31st, 2021

Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.

 

 

  • 117 28th Avenue N is a unique, 3 story commercial building located across from Centennial Park.
  • The first floor is built out as a restaurant.
  • The second and third floors are office space.
  • The building was first constructed in 1920.
  • Freshly painted and landscaped.
  • Functional basement.
  • Four parking spaces.
  • 3,300 SF building on a 5,663 SF lot.
  • The property last traded in 2011 for $425,000.
  • The asking price was $1.1M and the deal closed at a 17% discount.
  • The property just sold for $911,000…the equivalent of $276/SF.

 

 


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About Beau Beach, MBA CCIM

Beau is a tenacious 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, Milwaukee and the states of 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