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1033 16th Avenue South

TMEC Nashville Inc Purchases Office On Music Row For $3.85 Million With Broker Simon Kerr
SOLDOffice

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

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.

Players

Jordan Powell

Avison Young

Broker

$55.2M

vol

5 deals

Broker

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