Tuesday, March 28th, 2023 March28th2023

Sold Alert: Murfreesboro Retail Property Sold for $241/SF

Published on March 28th, 2023

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:

  • 131 Cason Lane is a 5,800 SF single tenant retail building located roughly at I-24 and Old Fort Pkwy.
  • The building was constructed in 2000 on a .65 acre parcel of land.
  • Well parked with 40 spaces.
  • Fully occupied by Float Alchemy which has been a tenant since 2017.
  • Float Alchemy is a float therapy and wellness spa that offers sensory deprivation tanks, infrared saunas, cryotherapy and massage therapy.
  • NNN lease with 2024 expiration plus options to renew.
  • The property sold for a 6% cap rate.
  • The buyer put 25% down with financing from Tristar Bank.
  • The asking price was $1,499,000.
  • The property just sold for $1,400,000…the equivalent of $241/SF.



Get the blueprint to sell your property for the absolute highest price the market will pay.  Get your blueprint now.

Let the comps speak for themselves…get the 3 comparable sales most like your property.  Get your comps now.

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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.

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