Creative Office at 935 East Trinity Lane Sold
East Nashville
935 East Trinity Lane has traded hands for $1.9 million ($1.73m purchase price with 10% buyer’s premium at auction) - 4.2x more than it sold for only 6 years ago.
The 14,215 square foot building, which sits on three parcels totaling 1.24 acres, last traded hands in 2014 to E Trinity Ln Projects, LLC. That partnership renovated the building to bring a modern industrial vibe to the corridor and offered coworking space through Sparkworks Union.
“East Nashville has historically had very little office space,” said Tyler Cauble, President of The Cauble Group. “With the connectivity, walkability, and the bars / restaurants this side of town has to offer, it’s no surprise that businesses continue to flock to the Eastside.”
McLemore Auction Company handled the sale of the property along with The Cauble Group, who had been involved in leasing the property.
About 935 East Trinity Lane
With access just off Ellington Parkway, Sparkworks Union is located in the heart of East Nashville. The neighborhood, which is just across the river and 5 minutes from downtown, has seen major revitalization and redevelopment in recent years with the advent of projects such as The Edison, The Vibe, and 1041 Flats.
East Nashville is a prime locale for those who want to work in a progressive community with a thriving culture, a rich history, and a growing economy.
Future Plans for 935 East Trinity Lane have not yet been announced.
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About The Author:
Tyler Cauble, Founder & President of The Cauble Group, is a commercial real estate broker and investor based in East Nashville. He’s the best selling author of Open for Business: The Insider’s Guide to Leasing Commercial Real Estate and has focused his career on serving commercial real estate investors as a board member for the Real Estate Investors of Nashville. Learn more at www.TylerCauble.com
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Tenants and buyers feel that market rates on both for sale and for lease properties should decrease to account for the perceived risks due to the Coronavirus.
However, landlords and sellers entered into the summer in strong positions, keeping them in relatively good standing and without the need to slash pricing to fill vacancies.
Here’s the East Nashville Market Update for September, 2020.