Friday, April 15th, 2022 April15th2022

Sold Alert: Franklin Office Building Sold for $705/SF

Published on April 15th, 2022

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

 

 

  • 348 Cool Springs Blvd is a 3,404 SF multi-tenant office building.
  • Built in 1996, the masonry building sits on an oversized 1.4-acre parcel of land.
  • At time of sale, tenants included Assurance Financial Planners and Insurance Benefit Associates.
  • The transaction was financed by Lineage Bank with 15% down, 2.88% interest, 30-year term.
  • Well parked with 16 spaces (4/1,000 SF) plus two garage stalls.
  • The property just sold for $2,400,000…the equivalent of $705/SF of building or $39/SF of land.

 

 


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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