Tuesday, February 13th, 2024 February13th2024

SOLD ALERT: Elm Hill Pike Retail Property Sold for $576/SF

Published on February 13th, 2024

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:
  • 1445 Elm Hill Pike was built in 1986 on .36 acres.
  • Originally built to be a gas station.
  • Located at the intersection of Elm Hill Pike and Spence Lane, the building measures 2,430 SF.
  • Attractive update in 2020.
  • Industrial Restricted (IR) zoning.
  • At time of sale, the property was occupied by E&R Auto Sales.
  • The buyer plans to ultimately occupy the property.
  • Two curb cuts.
  • Easy access to I-40.
  • The historical asking lease rate was $35/SF NNN.
  • The buyer put 30% down with financing from Renasant Bank at 7.79% interest and a 5 year term.
  • On the market for 202 days.
  • The asking price was $1,590,000.
  • The property last traded in 2018 for $600,000.
  • The property just sold for $1,400,000…the equivalent of $576/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