Tuesday, May 24th, 2022 May24th2022

Sold Alert: Columbia Industrial Building Sold for $120/SF

Published on May 24th, 2022

Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.

 

 

  • 2406 Highland Avenue is a 7,300 SF industrial warehouse that was built in 1968.
  • The property is roughly located at the intersection of Highland Avenue and James Campbell Blvd S behind Grace Chinese Restaurant.
  • The building sits on 2.14 acres of land. One drive-in door.
  • The property is occupied by J&M Supply Solutions…a janitorial company.
  • The buyer put 20% down with financing from First Farmers Bank.
  • The property just sold for $879,000…the equivalent of $120/SF.

 

 


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About Beau Beach, MBA CCIM

Beau is a battle-tested Commercial Real Estate Broker, entrepreneur and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is a nationwide commercial real estate brokerage for sellers…with emphasis in Nashville and 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.

Beau can be reached at 800-721-3287, click to schedule a call or Beau@soldbybeachwood.com