Tuesday, October 15th, 2024 October15th2024

SOLD ALERT: Murfreesboro Pike Building Sold for $500/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:
  • 818 Murfreesboro Pike is a 12,000 SF multi-tenant retail center on a 1.68-acre parcel of land.
  • Anchored by 818 Liquor, other tenants include BJ Hot Chicken, Carlos Wireless, Smoke N Glass, Latino Finest Deli, and Viva Market Mercado Latino.
  • Zoned CS. 59 parking spaces (5/1000SF).
  • Located roughly where Murfreesboro Pike intersect 1-24 in a pocket that includes four nearby hotels.
  • Sandwiched between Waffle House a Shell gas station.
  • The buyer put 40% down with financing from Sonata Bank.
  • The property just sold for $6,000,000…the equivalent of $500/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