Tuesday, January 18th, 2022 January18th2022

Sold Alert: Ellington Parkway Industrial Building Sold for $300/SF

Published on January 18th, 2022

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

 

 

  • 850 Cherokee Avenue is a 3,000 SF metal warehouse building with fenced parking area.
  • Built in 2002, the building sits on a .59-acre parcel that overlooks Ellington Pkwy.
  • One drive-in door.
  • Oversized lot.
  • 6 parking spaces.
  • IWD zoning.
  • The buyer put 20% down with financing from Independent Bank.
  • The property just sold for $1,200,000…the equivalent of $300/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