Tuesday, May 31st, 2022 May31st2022

Sold Alert: Downtown Murfreesboro Office Building Sold for $215/SF

Published on May 31st, 2022

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

 

 

  • 118 N Church Street is located on the Square in downtown Murfreesboro.
  • The 3 floor, 13,464 SF building is known as the Elrod Building.
  • Built in 1960, the property includes 8,372 SF of land with 10 private parking spaces.
  • Located between Smith-Wright Law and Puckett’s Grocery and Restaurant.
  • Office space in the building is now being offered for $22/SF plus CAM and utilities.
  • A $35/SF buildout allowance is also being offered.
  • The property last sold in 2020 for $1,150,000.
  • The property just sold for $2,900,000…the equivalent of $215/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