Tuesday, November 1st, 2022 November1st2022

Sold Alert: East Nashville Office + Warehouse Sold for $256/SF

Published on November 1st, 2022

Sold Alerts provide potential sellers with hard-to-get comparable sale information.

 

 

  • 1523-1531 Jones Avenue is a .87-acre assemblage with existing office and warehouse buildings.
  • Extremely convenient location.
  • Access to I-65 is just one mile away at East Trinity Lane.
  • The 7,295 SF office building was constructed in 1962 and remodeled in 2014.
  • Gates lead to substantial exterior storage and parking behind the building.
  • The seller signed a short-term sale-leaseback for this building.
  • The 3,945 SF warehouse is a former grocery store that was built in 1955 and will be occupied by the buyer.
  • Both parcels are zoned Mixed Use Neighborhood (MUN-A) which is intended for a low intensity mixture of residential, retail and office uses.
  • The asking price was $2,995,000.
  • The property just sold for $2,850,000…the equivalent of $256/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.

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