Tuesday, December 21st, 2021 December21st2021

Sold Alert: Rutherford County Office Building Sold for $319/SF

Published on December 21st, 2021

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

 

  • 1725 Medical Center Parkway is a three story, 45,798 SF medical office building in Murfreesboro.
  • Built in 2006, the property was 85% occupied at time of sale.
  • Known as Gateway Medical Plaza I.
  • Oversized 3 acre lot with parking ratio of 5.46/1,000 SF.
  • Tenants include Middle TN Oral & Implant Surgery, Genesys Medicine, Pinnacle Dermatology, Cool Springs Surgical Associates, Nashville Fertility Center and STAR Physical Therapy.
  • The property last traded in 2017 for $11,800,000.
  • The property just sold for $14,600,000…the equivalent of $319/SF.

 

 


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About Beau Beach, MBA CCIM

Beau is a tenacious 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, Milwaukee 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