Office Vacant-User

309 Plus Park Boulevard

309 Plus Park Blvd, Nashville, TN 37217

Listing Price: $2,300,000

Cap Rate
18.09%
Gross SF
33,800
Rentable SF
33,800
Price/Gross SF
$68.05
Lot Size
2.00 acres
Year Built
1973

Investment Overview

Marcus & Millichap is pleased to present for sale, the office building portfolio located at 309 and 311 Plus Park Boulevard in Nashville, Tennessee, which consists of four acres improved with two ~33,600-square foot buildings. This sale is an opportunity for an investor or an owner/user to purchase this property in the heart of the Nashville metropolitan area at well below replacement cost. At market occupancy and rental rates, these buildings have the potential to increase in value significantly with respect to the current asking price. The property is located just off Murfreesboro Pike in the Airport South submarket of the Nashville MSA, and sits approximately five miles from both downtown Nashville and BNA International Airport. Additionally, 309 and 311 Plus Park Boulevard lie adjacent to Interstate 24 which has traffic counts of over 173,000 cars per day. The greater Nashville area continues to be one of the fastest growing metros in the nation, with an average population growth of approximately 80 new residents daily in 2019, and an expanding office market that has seen average rent growth and occupancy levels well above the national average.

Investment Highlights

  • Investment OR Owner/User Opportunity
  • Significant Value-Add Potential
  • Below Replacement Cost
  • Five Miles from Downtown Nashville and BNA Airport
  • Long Term Price Appreciation in Rapidly Growing Market

Exclusively Listed By

Office Vacant-User

309 Plus Park Boulevard

Listing Price: $2,300,000

Cap Rate
18.09%
Gross SF
33,800
Rentable SF
33,800
Price/Gross SF
$68.05
Lot Size
2.00 acres
Year Built
1973

Investment Highlights

  • Investment OR Owner/User Opportunity
  • Significant Value-Add Potential
  • Below Replacement Cost
  • Five Miles from Downtown Nashville and BNA Airport
  • Long Term Price Appreciation in Rapidly Growing Market

Investment Overview

Marcus & Millichap is pleased to present for sale, the office building portfolio located at 309 and 311 Plus Park Boulevard in Nashville, Tennessee, which consists of four acres improved with two ~33,600-square foot buildings. This sale is an opportunity for an investor or an owner/user to purchase this property in the heart of the Nashville metropolitan area at well below replacement cost. At market occupancy and rental rates, these buildings have the potential to increase in value significantly with respect to the current asking price. The property is located just off Murfreesboro Pike in the Airport South submarket of the Nashville MSA, and sits approximately five miles from both downtown Nashville and BNA International Airport. Additionally, 309 and 311 Plus Park Boulevard lie adjacent to Interstate 24 which has traffic counts of over 173,000 cars per day. The greater Nashville area continues to be one of the fastest growing metros in the nation, with an average population growth of approximately 80 new residents daily in 2019, and an expanding office market that has seen average rent growth and occupancy levels well above the national average.

Exclusively Listed By

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