Friday, March 4th, 2022 March4th2022

Sold Alert: Office Building in Murfreesboro Sold for $322/SF

Published on March 4th, 2022

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

 

 

  • 527 N Maple Street is a recently updated medical office building.
  • Constructed in 1978, the 6,000 SF building sits on a .58-acre corner lot.
  • Strong parking ratio of 5/1,000 SF.
  • The building is fully occupied by Autism in Motion.
  • The deal traded at a 6.59% cap rate.
  • The property last sold in 2017, prior to the updates, for $537,000.
  • The property just sold for $1,933,500…the equivalent of $322/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