7982 Coley Davis Rd 101 & 201 Nashville, TN 37221

Listing office Keller Williams Realty Nashville/Franklin t***@kw.com Show Phone

Listing date Apr 12, 2024

Source Exprealty

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Investment Insights

Based on property information with market context.

These architecturally attractive office condominium units are located in a desirable Bellevue (West Nashville) location. Each unit includes a private outdoor patio space enclosed for exclusive use. The property is situated in Harpeth Springs Business Park - Professional Office Condominiums. The first-floor suite features one very large office, one very large meeting room, two large offices and three smaller offices, a bathroom, a storage room, a reception desk with granite counter, and a waiting area. The second-floor suite presently features two very large offices, two large offices, a very large meeting room, a reception area, a kitchen, and three storage closets. The base rent is $24.45 NNN with 3% yearly escalation. CAM fees are $468.75 per month per unit, or $3.81 per sq ft, and include property and casualty insurance, flood insurance, and community maintenance. The tax proration is $251 per month per unit, or $2.04 per sq ft. The property is being offered for sale at $967,680, yielding a minimum 7.5% cap rate, and is available for a 1031 exchange.

Key Highlights

• NNN Leased Investment: Provides a passive income stream with a 7.5% cap rate.
• 5‑Year Medical Lease with Escalation: Secure long‑term tenant with 3% yearly rent increase.
• Desirable Bellevue Location: Situated in a sought‑after West Nashville business park.

Property Analytics

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FAQs

What type of property is this?

Medical Office Space - NNN leased medical office condos with 7.5% cap rate.

Where is this medical office space located?

The property is located at 7982 Coley Davis Rd 101 & 201 Nashville, TN.

What is the asking price?

The asking price for this property is $967,680.

What are key features of this property?

This property features: NNN Leased Investment: Provides a passive income stream with a 7.5% cap rate.; 5‑Year Medical Lease with Escalation: Secure long‑term tenant with 3% yearly rent increase.; Desirable Bellevue Location: Situated in a sought‑after West Nashville business park.