TMEC Nashville Inc Purchases Office On Music Row For $3.85 Million With Broker Simon Kerr
1033 16th Avenue South
$3,850,000
$449/SF
Building Size
8,560 SF
Asset Type
Office
Closing
Feb 20, 2026
About this deal
AI
The property involved in this transaction is an office asset located at 1033 16th Avenue South in Nashville, TN. The sale was finalized at a price of $3,850,000, with the property comprising 8,560 square feet, resulting in a price per square foot of $450.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,850,000
- Address: 1033 16th Avenue South
- Market: Nashville, TN
- Square Footage: 8,560
- Price per Square Foot: $450
- Buyer: TMEC Nashville, Inc
- Seller's Representatives: Mike Jacobs, Lisa Maki, Jordan Powell & Suzanne Ganser - Avison Young
- Broker: Simon Kerr - French King Fine Properties
This transaction involved key representatives, including Mike Jacobs, Lisa Maki, Jordan Powell, and Suzanne Ganser, who represented the seller, Avison Young. The brokerage side was represented by Simon Kerr from French King Fine Properties, facilitating the deal within Nashville's competitive office market.
On the Map
$3,850,000
$449/SF
Office
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Players
Nashville Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93