Tuesday, March 26th, 2024 March26th2024

SOLD ALERT: Music Row Office Building Sold for Full Asking Price

Published on March 26th, 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:
  • 27 Music Square East is a 58-year-old, two story, 4,500 SF office building.
  • The vacant building sits on a .17-acre parcel of land.
  • Great parking by Music Row standards with 15 parking spaces (3.3/1,000 SF).
  • Zoned ORI (Office Residential Intensive) which allows retail, hospitality, music and office uses.
  • One block from the Music Row roundabout.
  • Neighbors include RCA Studio B, Warner Chappell Music and Curb Records.
  • Walking distance to the Gulch and Midtown.
  • Built for Decca Records, the property comes with authentic Music Row history.
  • This was an all-cash transaction.
  • The property last traded in 2021 for $1,850,000.
  • The property sold for full asking price.
  • 363 days on market.
  • The property just sold for $2,295,000…the equivalent of $510/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