Tuesday, July 5th, 2022 July5th2022

Sold Alert: Franklin Retail Building Sold for $390/SF

Published on July 5th, 2022

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

 

 

  • Built in 1937, 813 Columbia Avenue is located across from the impressive Franklin Police Department building in Downtown Franklin.
  • The 10,257 SF multi-tenant, retail building sits on a .3 acre parcel of land.
  • Updated in 1985, the property is home to the tenants Branch Building Group, LaSalle Design and Franklin Heating & Cooling.
  • The transaction included a neighboring .18 acre parcel on Cummins Street that’s used for parking.
  • The buyer, a wealth manager with a local office, also recently acquired the nearby Handy Hardware building (731 Columbia) and the Auto Doctors building (805 Columbia).
  • The property just sold for $4,000,000…the equivalent of $390/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