Tuesday, February 22nd, 2022 February22nd2022

Sold Alert: Industrial Property in Murfreesboro Sold for $187/SF

Published on February 22nd, 2022

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

 

 

  • 824 Industrial Drive is a 23,000 SF manufacturing building on a 3.44 acre lot.
  • Built in 1990, the property is fully occupied by Borotek Powder Coating.
  • One drive-in door, two exterior loading docks.
  • Located in an Opportunity Zone.
  • The buyer put 11% down.
  • The property last sold in 2018 for $1,100,000.
  • The property just sold recently for $4,300,000…the equivalent of $187/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