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:
- Built in 1968, 206 Louise Avenue in Hendersonville, TN is 2,296 SF industrial building on a 7,254 SF parcel of land.
- First, we subdivided the land parcel from the neighboring building.
- Then we vacated the tenant so we could make improvements and offer the property to owner-occupant buyers.
- The entire contractor yard was paved.
- New epoxy floors in the warehouse.
- New front gate.
- Updated bathroom.
- Attractive finishes.
- 500 SF of modern, comfortable office space.
- Remainder is garage/warehouse space.
- Masonry building with newer asphalt shingles.
- 8’ x 8’ front drive-in door.
- A second drive-in door leads to the fenced outdoor storage.
- 5 parking spaces in front of the building plus up to 10 more in the fenced contractor yard.
- Zoned Heavy Commercial.
- The seller owned the property for 45 years prior to the sale.
- Seller financing was offered.
- Sold vacant to an owner-occupant.
- Full price transaction.
- The asking price was $549,000.
- The property just sold for $549,000…the equivalent of $239/SF
Get clarity on 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