Property Description

NNN LEASED 7.5 CAP 5 YEAR MEDICAL W/3% YEARLY ESCALATION: Beautifully designed, architecturally attractive office condominium units in a desirable Bellevue (West Nashville) location. Harpeth Springs Business Park - Professional Office Condominiums. The first-floor suite currently features one very large office, one very large meeting room, two large offices and three smaller offices, bathroom, storage room, reception desk with granite counter and waiting area. The second-floor suite presently features two very large offices, two large offices, a very large 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. They are being offered for sale at $967,680 yielding a minimum 7.5 % cap rate.

Property Features