Tuesday, August 24th, 2021 August24th2021

Sold Alert: Small Office Building Near Music Row Sells for $302/SF

Published on August 24th, 2021

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

 

 

  • 1608 17th Avenue S is a 3,974 SF, three-story former house that’s been converted to office use.
  • The building was constructed in 1930 and sits on a 7,405 SF parcel of land.
  • The rear of the property is paved parking.
  • At the time of sale, the property was occupied by Reviver Entertainment Group.
  • The buyer put 30% down with financing from Wilson Bank.
  • The property traded for $75,000 less than asking price.
  • The property just sold for $1,200,000…the equivalent of $302/SF.

 

 

 


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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