NAI Nashville represents $650,000 Sale of 1006 18th Avenue South in Nashville
NAI Nashville Represents $650,000 Sale of 1006 18th Avenue South
NASHVILLE, TN – June 26, 2014 – NAI Nashville, a member of the world’s premier managed network of commercial real estate firms, represented the sale of 1006 18th Avenue South in Nashville, a prime location in the Music Row area, by seller Greg and Sara Travis to Jane Chera, an independent investor.
“Both the buyer and seller came out winning on this transaction. The buyer achieved a good purchase price and the seller was able to see a strong return on their investment”, said Devin McClendon, President of NAI Nashville. “This sale is the latest of several recent transactions we’ve represented in the area, demonstrating a clear demand for commercial investment in and around the Row.”
The +/-2,568 square foot building was originally constructed in the 1920's and retains most of the original interior features. Centrally located in the Vanderbilt/Music Row area, it has been used for offices for the past 20+ years.
About NAI Nashville
NAI Nashville provides its Advisors and their clients with a full range of services including traditional transactional brokerage, corporate services, and specialized support. Our goal is to customize a delivery platform based on a client's requirements. Unlike a "one size fits all" business philosophy, NAI Nashville and its Advisors understand that clients require different services, and in order for a client to effectively utilize our services, we are pleased to provide a basic description of what NAI Nashville offers.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.
To learn more, visit www.nainashville.com.