Monday, June 17th, 2024 June17th2024

SOLD ALERT: Nashville Industrial Property Sold for $386/SF

Published on June 17th, 2024

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:
  • 209 Fesslers Lane is a two-building, 4 parcel property on 6.98 acres.
  • Zoned IWD (Industrial Warehouse and Distribution).
  • Constructed in 2010, the buildings were occupied by Stallion Infrastructure Services at time of sale.
  • The buyer specializes in IOS (Industrial Outdoor Storage) and was attracted to the property for the considerable wooded, unused land that accompanies the sale.
  • Located near the massive Calvary Cemetery.
  • Nearby businesses include Quality Machine and Torch Repair, Sign Station, American Hardwood and Music City Truck and Trailer Parking.
  • This was an all-cash transaction.
  • The property just sold for $4,190,000…the equivalent of $386/SF of building or $14/SF of land.

 


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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