Tuesday, November 28th, 2023 November28th2023

SOLD ALERT: Germantown Office Building Sold for $818/SF

Published on November 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:
  • 1321 3rd Avenue N is an 84-year-old office building.
  • The 1,150 SF building sits on a 45’x178’ parcel of land.
  • Sold vacant.
  • Located within the Germantown historical preservation overlay and next to The Monroe Apartments.
  • Nearby businesses include LFM Capital, Steadfast & True Yoga and the former Saint Stephen restaurant.
  • The building was originally constructed as a residence with two bedrooms and one bathroom.
  • Formerly occupied by Brooke’s Bail Bonding.
  • Market rent for the building is $3,750 per month NNN.
  • The property last traded in 2018 for $530,749.
  • The buyer put 30% down with financing from Harvest Commercial Capital at 7.23% interest.
  • 267 days on the market.
  • The asking price was $989,898.
  • The property just sold for $941,100…the equivalent of $818/SF.



Get clarity on exactly what it would look like to sell your property in today’s market.  Get your free Seller Clarity Report now.

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

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