Tuesday, June 7th, 2022 June7th2022

Sold Alert: Franklin Office Building Sold for $415/SF

Published on June 7th, 2022

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

 

 

  • 114 Cool Springs Blvd is a one-story, multi-tenant office building totaling 6,000 SF.
  • The masonry building was constructed in 2006 on a .60-acre parcel of land.
  • Located roughly at the intersection of Mack Hatcher and Cool Springs Blvd near Aspen Grove Medical Plaza, the building offers 24 parking spaces.
  • The transaction was financed by First Horizon Bank with 5% down.
  • The buyer, a law firm, plans to occupy the building.
  • The property just sold for $2,500,000…the equivalent of $415/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@BeachwoodSells.com