Friday, March 25th, 2022 March25th2022

Sold Alert: Elm Hill Pike Industrial Building Sold for $124/SF

Published on March 25th, 2022

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

 

 

  • 1727 Elm Hill Pike is a 52,265 SF industrial building with 20,000 SF of office space.
  • The South Nashville property was last home to a uniform making business, The Band Hall.
  • The property last traded in 2003 for $1,015,000.
  • 6 loading docks.
  • 3.87 acres of land.
  • 60 parking spaces.
  • Built in 1972, the property backs up to I-40.
  • The asking price was $10,000,000.
  • Regions Bank fully financed the purchase with 3.14% interest.
  • The property just sold for $6,500,000…the equivalent of $124/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.

Beau can be reached at 800-721-3287, click to schedule a call or Beau@soldbybeachwood.com