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1215962
22090089

7982 Coley Davis Road, Suite 201, Nashville, TN 37221

AD
TN 284580
KW Commercial Nashville - Franklin
Listed by KW Commercial Nashville - Franklin
$483,840
195 days on market
Updated 5 days ago

Harpeth Springs Business Park 7982 201

Details
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 1,480
Units 1
Cap Rate 7.48%
NOI $36,186
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5.4
Lease Expiration 08/31/2030
Remaining Term 5.4
Rent Bumps Yes
Price per SqFt $327
Broker Co-Op Yes
Class B
Year Built 2005
Zoning COM
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 04/01/2025
Occupancy Date 04/01/2025

Open Floor Plan in Desirable Bellevue Location

Marketing description

Beautifully designed, architecturally attractive office condominium units in a desirable Bellevue (West Nashville) location. Each unit features a trendy private outdoor patio space enclosed for exclusive use. Harpeth Springs Business Park - Professional Office Condominiums.

This second-floor suite presently features two large executive offices, two other private offices, a spacious meeting room, reception area, kitchen and three storage closets.

Base rent is $24.45 NNN with 3% yearly escalation. CAM fees are $450 per month per unit or $3.65 per sq ft. and includes property and casualty insurance as well as flood insurance along with community maintenance. The tax proration is $251 per month per unit or $2.04 per sq ft.

It is being offered for sale at $483,840 yielding a minimum 7.5 % cap rate.


Investment highlights

~ One of the hottest Nashville areas with increasing property values - Prime Investment Opportunity in Harpeth Springs Business Park – Bellevue.
~ Easy Access to I-40 and Highway 70 nearly one mile from Bellevue One Plaza and ¾ mile to Public Transportation.
~ Less than 15 minutes to universities, hospitals and medical institutions.
~ Less than 15 minutes to downtown Nashville, Green Hills, Belle Meade, West End, Brentwood, Franklin, Fairview, Pegram and Kingston Springs.
~ Nearby eateries of O'Charley's, Arby's, Sonic, Jonathan's, Starbucks, Five Guys, McDonald's, Burger King, Subway, Chili's, Panera, & Dunkin Donuts.
~ Minutes to banking institutions of Pinnacle, Tennessee Credit Union, Wells Fargo, Suntrust, Bank of America and Post Office, UPS and Staples.


Listing Contacts

AD
TN 284580
KW Commercial Nashville - Franklin
Listed by KW Commercial Nashville - Franklin

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$36,186.00
$3,015.50/mo

Valuation Metrics

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DSCR
7.48%
Cap Rate
7.48%
ROI

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