Friday, November 3rd, 2023 November3rd2023

SOLD ALERT: Like-New Spring Hill Office Building Sold for $426/SF

Published on November 3rd, 2023

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:

  • 2210 Spedale Ct in Spring Hill is a one-story, 4,529 SF office building on a .87-acre parcel.
  • The building was completed in 2021.
  • C-4 General Commercial zoning.
  • Reception area
  • 6 private offices
  • 2 conference rooms
  • Open office workspace
  • 2 restrooms
  • 1 copy area
  • 1 break area
  • Covered porch
  • Storage
  • Floor to ceiling windows
  • Modern finishes
  • Spacious open plan
  • 25 parking spaces
  • Nearby businesses include Starbucks, McDonalds, and Chik-fil-a.
  • The seller paid $168,000 for the dirt in 2010.
  • The buyer put 15% down with financing from First Citizens Bank at 7.18% interest.
  • The asking price was $2,100,000.
  • The property just sold for $1,935,000…the equivalent of $426/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