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7982 Coley Davis Rd 1,480 SF Office Condo Units Offered at $681,484 CAD Per Unit in Nashville, TN 37221



Investment Highlights
- Excellent location in close proximity to transportation, commerce, banks, eateries, post office and office supply store.
- Ample parking surrounded by mature trees
- Attractive buildings with residential-style landscaping providing a welcome environment to the business park
Executive Summary
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. 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. Each of the two units is being offered for sale at $483,840 yielding a minimum 7.48 % cap rate.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 7.48% |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.48% |
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.
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 7.48 % cap rate.
~ 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.
| Sale Type | Investment or Owner User | Cap Rate | 7.48% |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.48% |
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. Paid by tenant.
It is being offered for sale at $483,840 yielding a minimum 7.48 % cap rate.
~ 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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101 | 1,480 SF | Office | $681,484 CAD ($460.46 CAD/SF) | $50,967.62 CAD |
| Unit 201 | 1,480 SF | Office | $681,484 CAD ($460.46 CAD/SF) | $50,967.62 CAD |
Unit 101
| Unit Size |
| 1,480 SF |
| Condo Use |
| Office |
| Price |
| $681,484 CAD ($460.46 CAD/SF) |
| NOI |
| $50,967.62 CAD |
Unit 201
| Unit Size |
| 1,480 SF |
| Condo Use |
| Office |
| Price |
| $681,484 CAD ($460.46 CAD/SF) |
| NOI |
| $50,967.62 CAD |
Unit 101
| Unit Size | 1,480 SF |
| Condo Use | Office |
| Price | $681,484 CAD ($460.46 CAD/SF) |
| NOI | $50,967.62 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.48% |
| Description | |
| NNN LEASED 65-MONTH MEDICAL W/3% YEARLY ESCALATION: <br> <br> 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.<br> <br> 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.<br> <br> 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.<br> <br> 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.<br> <br> They are being offered for sale at $967,680 yielding a minimum 7.48 % cap rate.</li></ul> | |
| Sale Notes | |
| NNN Medical Lease - Psychiatric practice <br> <br> ~ One of the hottest Nashville areas with increasing property values - Prime Investment Opportunity in Harpeth Springs Business Park – Bellevue.<br> ~ Easy Access to I-40 and Highway 70 nearly one mile from Bellevue One Plaza and ¾ mile to Public Transportation.<br> ~ Less than 15 minutes to universities, hospitals and medical institutions.<br> ~ Less than 15 minutes to downtown Nashville, Green Hills, Belle Meade, West End, Brentwood, Franklin, Fairview, Pegram and Kingston Springs.<br> ~ Nearby eateries of O'Charley's, Arby's, Sonic, Jonathan's, Starbucks, Five Guys, McDonald's, Burger King, Subway, Chili's, Panera, & Dunkin Donuts.<br> ~ Minutes to banking institutions of Pinnacle, Tennessee Credit Union, Wells Fargo, Suntrust, Bank of America and Post Office, UPS and Staples.</li></ul> |
Unit 201
| Unit Size | 1,480 SF |
| Condo Use | Office |
| Price | $681,484 CAD ($460.46 CAD/SF) |
| NOI | $50,967.62 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.48% |
| 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.<br> <br> 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.<br> <br> 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. Paid by tenant.<br> <br> It is being offered for sale at $483,840 yielding a minimum 7.48 % cap rate.</li></ul> | |
| Sale Notes | |
| ~ One of the hottest Nashville areas with increasing property values - Prime Investment Opportunity in Harpeth Springs Business Park – Bellevue.<br> ~ Easy Access to I-40 and Highway 70 nearly one mile from Bellevue One Plaza and ¾ mile to Public Transportation.<br> ~ Less than 15 minutes to universities, hospitals and medical institutions.<br> ~ Less than 15 minutes to downtown Nashville, Green Hills, Belle Meade, West End, Brentwood, Franklin, Fairview, Pegram and Kingston Springs.<br> ~ Nearby eateries of O'Charley's, Arby's, Sonic, Jonathan's, Starbucks, Five Guys, McDonald's, Burger King, Subway, Chili's, Panera, & Dunkin Donuts.<br> ~ Minutes to banking institutions of Pinnacle, Tennessee Credit Union, Wells Fargo, Suntrust, Bank of America and Post Office, UPS and Staples.</li></ul> |
Property Facts
| Total Building Size | 5,920 SF | Typical Floor Size | 2,960 SF |
| Property Type | Office | Year Built | 2005 |
| Property Subtype | Office | Lot Size | 0.08 AC |
| Building Class | B | Parking Ratio | 2.87/1,000 SF |
| Floors | 2 | ||
| Zoning | CL - Commercial professional office | ||
| Total Building Size | 5,920 SF |
| Property Type | Office |
| Property Subtype | Office |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,960 SF |
| Year Built | 2005 |
| Lot Size | 0.08 AC |
| Parking Ratio | 2.87/1,000 SF |
| Zoning | CL - Commercial professional office |
Amenities
- Central Heating
- Natural Light
- Outdoor Seating
- Air Conditioning
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Psychiatric Practice |
-
|
Jan 0000
|
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7982 Coley Davis Rd
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