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:
- 40 Moss Lane is a 3 tenant retail center located within Berry Farms.
- Berry Farms is a mixed-use master planned community where work, shopping, and leisure blends seamlessly with front porch living on pedestrian-friendly streets.
- This 6,728 SF masonry building is 9 years old.
- Tenants include Berry Farms Eyecare (2,218 SF, 12/26 expiration), FirstBank (3,239 SF, 9/28 expiration) and Tennessee Farm Bureau (1,451 SF, 9/24 expiration).
- All tenants are on NNN leases.
- .62 acre parcel with 31 parking spaces.
- The asking price was $5,291,000.
- The deal traded at a 5.78% cap rate.
- The property just sold for $4,857,300…the equivalent of $722/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.
Click to schedule a call with Beau or email to Beau@soldbybeachwood.com