Friday, August 27th, 2021 August27th2021

Sold Alert: Commercial Land in Brentwood Sold for $53/SF

Published on August 27th, 2021

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

 

 

  • 5023 Harpeth Drive in Maryland Farms is the former home of Sullivan Dental Partners.
  • Constructed in 1957, the 2,558 SF building sits on a .58-acre lot.
  • The property sold for its land value.
  • The buyer plans to construct a new building with a similar footprint.
  • Sullivan Dental Partners relocated to a new building next door at 5015 Harpeth Drive.
  • The buyer put 20% down with financing from First Farmers Bank.
  • The property was on the market for almost a year before trading at a $125,000 discount.
  • The property just sold for $1,325,000…the equivalent of $53/SF of land.

 

 

 


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About Beau Beach, MBA CCIM

Beau is a tenacious 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, Milwaukee and the states of 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