Tuesday, October 15th, 2024 October15th2024

SOLD ALERT: Sumner County Industrial Property Sold for $310/SF

Published on October 15th, 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:
  • 318 Rockland Road in Hendersonville, TN is a two-building industrial property on .37 acres.
  • The two buildings total 2,740 SF.
  • First, we vacated the tenant so we could make improvements and offer the property to owner-occupants.
  • The entire rear contractor yard was paved.
  • We then subdivided the land parcel from the neighboring building.
  • Built in 1970, the 2,100 SF main building is concrete block construction.
  • 3 Phase electrical service.
  • Large open space plus two offices and two bathrooms.
  • Like-new covered patio in the rear.
  • Zoned Heavy Commercial.
  • The seller owned the property for 45 years prior to the sale.
  • While seller financing was offered, this was an all-cash transaction.
  • Sold vacant to an owner-occupant.
  • The asking price was $895,000.
  • The property just sold for $850,000…the equivalent of $310/SF.

 


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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