Tuesday, December 5th, 2023 December5th2023

SOLD ALERT: Hillsboro Village Area Office Building Sold for $392/SF

Published on December 5th, 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:
  • 2303 21st Ave S is located in the Hillsboro Village area of Nashville.
  • The modernist office building measures 14,800 SF and sits on a .39-acre parcel of land.
  • Built in 1974 and renovated in 2012 and 2018.
  • The building was sold vacant to an owner-user.
  • The property last traded in 2015 for $2,600,000.
  • The asking price was $7,000,000.
  • 4 stories with rooftop terrace.
  • Zoned OR20.
  • Video production studio.
  • 37 surface parking spaces.
  • The buyer put 15% down with financing from Pinnacle Bank.
  • The property just sold for $5,800,000…the equivalent of $392/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