Tuesday, December 13th, 2022 December13th2022

Sold Alert: Hendersonville Retail Center Sold for $256/SF

Published on December 13th, 2022

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:

  • 206 N Anderson Lane in Hendersonville, TN is a 26,160 SF retail center that’s shadow anchored by Walmart.
  • Located at the intersection of Indian Lake Blvd and N Anderson Lane, tenants include Fulin’s Asian Cuisine, Farm Bureau, Ma & Paws Pet Supply Co, Tina’s Nail Space, Fitrev Training, Lyla’s Hair Salon, Kumon Learning and Porter Paints.
  • Abundant parking.
  • Built in 2007.
  • Average rent at time of sale was $26/SF.
  • The property last sold in 2008 for $6,402,000.
  • The buyer put 30% down with financing from Studio Bank at 5.78% interest for 30 years.
  • The property just sold for $6,700,000…the equivalent of $256/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.

Click to schedule a call with Beau or email to Beau@soldbybeachwood.com