NAI Nashville Represents $5 Million Sale of 526 5th Ave on Behalf of Rocketown of Middle Tennessee
NASHVILLE, TN – (31 January 2020) – NAI Nashville negotiated the sale of 526 5th Ave in Nashville, TN for $5 million. NAI Nashville’s Brandon Hoop represented the seller, Rocketown of Middle Tennessee, in the transaction of the small concert venue located adjacent to the main Rocketown facility.
“We are pleased to have represented Rocketown in this transaction to propel their mission to serve more youth,” said Brandon Hoop of NAI Nashville. “The sale of the White Building will help Rocketown become debt free and will position us for new growth opportunities as our leadership team and board of directors enter a strategic planning process. The end goal is to serve more youth and this sale will ultimately help us do that.” Kenny Alonzo, Rocketown Executive Director.
526 5th Ave is a 5,840 square foot building built in 1961 located in Downtown Nashville. The building was part of Rocketown, a faith-based youth outreach facility founded in 1994. The buyer plans to tear down and redevelop the property in the future.
About NAI Nashville
NAI Nashville is the exclusive Middle Tennessee affiliate of NAI Global, which continues to rank as one of the largest full service commercial real estate firms in the country. This affiliation provides an integrated network of specialists and a wide range of premier services. NAI brokers are equipped with comprehensive resources including extensive research, marketing materials, and computer technologies, while at the same time maintain the flexibility that local ownership provides.
For more information, visit www.nainashville.com.
Founded by Christian Artist, Michael W. Smith in 1994, Rocketown is a faith-based youth organization that has served Nashville and the surrounding communities for over 25 years. Youth are engaged through a variety of attraction-based programs and outreach events including Tennessee’s only indoor skate park, a recording studio, computer lab, concert venues and coffee bar. Rocketown is committed to their mission of; Offering hope to the next generation through Christ’s love.
For more information, visit www.rocketown.com
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 6,000 local market professionals, managing in excess of over 1.15 billion square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional 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.
To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com
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