Tuesday, January 23rd, 2024 January23rd2024

SOLD ALERT: Franklin Office Building Sold for $337/SF

Published on January 23rd, 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:
  • 1881 General Geroge Patton Drive is located in the Cools Springs area of Franklin, TN.
  • The 24-year-old, multi-tenant office building sits on 1.32 acres with 42 parking spaces.
  • Most of the 11,885 SF building is one-story with a two-story portion in the rear.
  • 100% occupied at time of sale.
  • All tenants with less than 2 years remaining.
  • Tenants include Permanent Makeup by Justine, Sims CPA Consulting, Farmers Insurance, Navigate Life Consulting, Hopeways, Marc Centers, American Financial Network, Suriance, USA Hemp Store and Credex Corp.
  • New roof in 2020.
  • All tenants separately metered.
  • The property last sold in 2003 for $762,800.
  • The buyer put 15% down with financing from First Bank at 7.49% interest.
  • The asking price was $4,250,000.
  • 126 days on market.
  • The property just sold for $4,000,000…the equivalent of $337/SF.



Get clarity on exactly what it would look like to sell your property in today’s market.  Get your free Seller Clarity Report now.

Let the comps speak for themselves…get the 3 comparable sales most like your property.  Get your comps now.

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