Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.
- 1144 Fortress Blvd is a 40,000 SF retail center that was constructed in 2019.
- Located at the corner of Fortress and John Rice Blvd on a 5.82 acre lot, the property offers retail, restaurant and office space.
- Strong parking ratio of 6+ spaces per 1,000 SF. 1,700 SF is being offered for lease at $32/SF (MG).
- Known as Fortress Square, tenants include Ascension St. Thomas Urgent Care, Starbucks, Dominos, Stanlick Chiropractic, No. 1 Chinese, Mattress King, Posh N Polished Nail Salon and In Bloom Boutique.
- The buyer put 28% down with financing from Ascend Federal Credit Union.
- The property just sold for $8,800,000…the equivalent of $220/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