Tuesday, January 9th, 2024 January9th2024

SOLD ALERT: Wilson County Industrial Property Sold for $235/SF

Published on January 9th, 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:
  • 711 Tennessee Blvd in Lebanon is a 3,200 SF warehouse that was constructed in 2002.
  • The property offers 4 drive-in doors and an acre of land.
  • Corner lot with approx. 25 parking spaces.
  • 90 feet of frontage on Baddour Parkway.
  • Located near the Wilson County Fair Grounds, the property was last used for auto repair.
  • Other businesses in the area include Sharp Truck Sales & Accessories, Tommy’s Complete Car Care, Hiller Plumbing HVAC & Electrical, Purity Dairies and Just Box It Storage.
  • The buyer completed a 1031 Exchange.
  • This was an all-cash transaction.
  • The property just sold for $750,000…the equivalent of $235/SF.

 

 


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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