Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.
- 1835 Old Fort Pkwy is a 6,992 SF former Old Chicago restaurant.
- Constructed in 2002, the building sits on a 1.43 acre lot in front of Lowe’s and Target.
- Parking ratio of 10/1,000 SF.
- The property is located between Wendy’s and Cheddar’s Scratch Kitchen.
- The existing building will be demolished to become a new Whataburger location.
- The purchase was fully financed by Renasant Bank.
- The property just sold for $2,200,000…the equivalent of $315/SF of building or $35/SF of land.
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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