Sold Alerts provide potential sellers with hard-to-get comparable sale information.
- 207 Stones River Mall Blvd is a 3-tenant retail center located in the parking lot of Stones River Town Centre.
- Located in front of AMC Theater, the attractive building backs up to Old Fort Parkway.
- Built in 1991, the 13,000 SF building sits on a 1.3-acre parcel of land.
- Fully occupied by Fedex Office, H&R Block and Veterinary Emergency Group on NNN leases.
- Located next to Olive Garden.
- The deal traded at a 6.65% cap rate.
- The buyer completed a 1031 Exchange, put 50% down with financing from Sonata Bank, 5 year term.
- On the market for 4 months.
- The asking price was $5,308,300.
- The property just sold for $5,188,631…the equivalent of $400/SF.
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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