Tuesday, April 26th, 2022 April26th2022

Sold Alert: Green Hills Office Building Sold for $516/SF

Published on April 26th, 2022

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

 

 

  • 2001 Warfield Drive is a two story office building that was constructed in 1958.
  • The 9,300 SF building sits on a 12,632 SF parcel of land.
  • Located in the heart of Green Hills near The Mall at Green Hills just off Hillsboro Pike behind Twice Daily.
  • 10 parking spaces (1/1,000 SF).
  • The building was last home to party supply retailer Shindigs and Celebrations.
  • The buyers hope to find a retail tenant for the first floor.
  • The buyers put 22% down with financing from Pinnacle Bank.
  • The seller paid $350,000 for the property in 1982.
  • The property just sold for $4,801,500…the equivalent of $516/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