Wednesday, July 10th, 2024 July10th2024

SOLD ALERT: Nashville Office Building Sold for $512/SF

Published on July 10th, 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:
  • 2631 Grandview Avenue is a 2,100 SF office building with industrial zoning (IWD).
  • Located in a heavily industrial area, the building sits on a long, narrow .36 acre parcel of land.
  • The property was last occupied by Astute Communications, a provider of digital marketing, branding, design, and web development services (the seller).
  • The buyer operates Beyond Details Catering.
  • Built in 2014.
  • 63 days on market.
  • 12 parking spaces total between the front and rear parking lots.
  • The property last traded in 2019 for $641,500.
  • The buyer put 15% down with financing from First Citizens National Bank.
  • The asking price was $1,100,000.
  • The property just sold for $1,075,000…the equivalent of $512/SF.

 


Get clarity on exactly what it would look like to sell your property in today’s market.  Get your free Seller Clarity Report now.


Let the comps speak for themselves…get the 3 comparable sales most like your property.  Get your comps now.


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