Tuesday, September 14th, 2021 September14th2021

Sold Alert: Murfreesboro Road Bank Building Sold for $776/SF

Published on September 14th, 2021

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

 

 

  • 1304 Murfreesboro Road in Franklin is a former branch of First Citizens Bank.
  • The 3,479 SF one-story structure has a drive thru.
  • The building was constructed in 1997 and sits on a 1-acre parcel.
  • Located at the busy corner of Murfreesboro Road (State Rd 96) and S Royal Oaks Blvd, the location has a traffic count that exceeds 32,000 vehicles daily.
  • The buyer put 10% down with financing from First Citizens Bank.
  • The buyer also recently purchased the property next door…a former Shoney’s Restaurant.
  • The property just sold for $2,700,000…the equivalent of $776/SF.

 

 

 


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About Beau Beach, MBA CCIM

Beau is a tenacious 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, Milwaukee and the states of 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