1935 21ST AVENUE SOUTH
FOR SALE | 21,224 SF OFFICE | HILLSBORO VILLAGE THE OPPORTUNITY
Foundry Commercial has been retained as exclusive agent in the sale of 1935 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property is $8,250,000.
The Property is a 21,224 SF office building suitable for various professional services or entertainment industry firms that desire a unique environment in a truly outstanding, pedestrian-friendly location. The Property is adjacent to Nashville’s highly desirable Hillsboro Village, and within walking distance to both Vanderbilt and Belmont Universities, as well as Music Row. The Property’s central location and quick access to Downtown, West End Avenue and other parts of Nashville are excellent via 21st Avenue and nearby I-440.
The Property is composed of two beautifully restored 1920’s era Frank Lloyd Wright style houses and an architecturally integrated newer structure built in 2007, all combined into one continuous main building of 19,558 SF. The main building is laid out with a reception area, break room, five conference rooms, and a total of 33 offices that can further be divided with multiple workstations. There are two smaller carriage houses toward the rear of the Property. Additionally, there is a 3,649 SF dry basement under the main building, that currently serves as a document storage area for the Property’s current tenant, S&ME. The total area for the Property including the carriage houses and the basement is 25,188 SF.
The Property was originally redeveloped in 1990 for Littlejohn Engineering firm and served as the company’s home for 29 years until Littlejohn was acquired by S&ME in 2015. S&ME currently has a lease on the property that expires December 31, 2019 and will be vacating the Property at that time due to relocation. In its current configuration the Property has contained as many as 65 employees.
This offering is a rare opportunity for a user or investor to acquire a special property in one of the most ideal locations, within one of the best neighborhoods, in all of Nashville.
For further information about the Property or to submit an offer, please contact Rick Helton at (615) 324-0785 or Don Albright at (615) 771-0772.
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 2 PROPERTY OVERVIEW
PROPERTY DETAILS
Price $8,250,000
1935 21st Avenue South Address Nashville, Tennessee 37212
Existing 21,224 RSF Office + Carriage Houses Improvements Additional 3,649 SF Basement
Site Size 0.55 AC
Parking 33 Spaces Onsite + Street Parking
Sub Market Green Hills / Music Row
Zoning OR-20 (Office / Residential 20 Units Per Acre)
PROPERTY HIGHLIGHTS
• Ideal central location inside the I-440 loop • Walking distance to Hillsboro Village, Music Row, 12 South, Belmont, and Vanderbilt
• Monument signage opportunity • 35,000 vehicles per day south; 21,100 vehicles per day north • Security systems on all three buildings with key fob entry access • Employee headcount capacity of at least 65 persons • Central VAV controlled HVAC in the new building; individual units in the original buildings
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 3 SITE PLAN
1935 21st Ave S
19,558 SF Covered Parking
Deck
2108 Portland Ave Covered Addition 792 SF Parking Original Buildings Parking in Front
Parking Lot Ave S Ave Main st
2104 Portland Ave Entrance 21 874 SF
Portland Ave
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 4 SITE OVERVIEW
1935 21st Ave S 21,224 SF 0.55 AC Portland Ave
21st Avenue S
21st Avenue S
21 st Aven S ue Magnolia Blvd 2004 21st Ave S 3,929 SF M 0.17 AC ag no Optional second li a property for sale Bl Portland Ave vd
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 5 SPACE BREAKDOWN
OFFICE SPACE HIGHLIGHTS SQUARE FOOTAGE
• Building can be potentially demised into two separate spaces for two different 7,540 RSF Original two connected buildings tenants - Approx. 7,540 RSF and 12,018 RSF
• Floor plan is currently oriented toward manager-led teams or studio work spaces 12,018 RSF New addition (2006/2007) • (20) private offices, (38) open work stations, and (4) conference rooms 874 RSF Carriage House at 2104 Portland Ave • Reception area with stained-glass accents • Copier/mail room, and a separate printer/copy/collating room 792 RSF Carriage House at 2108 Portland Ave • Break room leading to back deck 21,224 RSF Total Rentable Square Footage • State-of-the-art secured server/data center with redundant cooling • Building is served by existing underground fiber 3,964 SF Basement • Building is on the same NES grid as VU Medical Center 25,188 SF Total Square Footage
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 6 FIRST FLOOR
Covered Parking
Conf Conf
Covered Potential Demising Line Parking
Reception
Main Entrance PORTLAND AVE PORTLAND
21ST AVE S
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 7 SECOND FLOOR
Break Room
Deck
Conf
Work Room
Potential Demising Line PORTLAND AVE PORTLAND
21ST AVE S
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 8 THIRD FLOOR
Open to Below
Open to Below
Potential Demising Line PORTLAND AVE PORTLAND
21ST AVE S
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 9 CARRIAGE HOUSES
SECOND FLOOR SECOND FLOOR
FIRST FLOOR FIRST FLOOR
2104 Portland Ave | 874 SF 2108 Portland Ave | 792 SF
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 10 ARCHITECTURAL SIGNIFIGANCE
HISTORIC PRESERVATION
The Property’s original buildings were two residences built in 1920 which underwent a complete restoration and redevelopment in 1990 to connect them into commercial office space. During that project, great care was taken to preserve the original architecture and decor which highlighted the Frank Lloyd Wright Prairie School style, especially the original stained glass windows and doors throughout the space.
In 2007, the Property underwent another major renovation when the addition was constructed, more than doubling the square footage of the office space. The Property was awarded an Architectural Award from the Nashville/Davidson County Metropolitan Historical Commission for the restoration and expansion efforts. Since that time, the Property has been continuously upgraded with state-of-the-art fiber cabling, redundant cooling, and modern office amenities.
The Prairie School style is a late 19th- and early 20th-century architectural style, marked by horizontal lines, flat or hipped roofs with broad overhanging eaves, windows grouped in horizontal bands, integration with the landscape, solid construction, craftsmanship, and discipline in the use of ornament. Horizontal lines were thought to evoke and relate to the wide, flat, treeless expanses of America’s native prairie landscape.
The most famous proponent of the style, Frank Lloyd Wright, promoted an idea of “organic architecture” the primary tenet of which was that a structure should look as if it naturally grew from the site.
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 11 EXTERIOR PROPERTY PHOTOS
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 12 INTERIOR PROPERTY PHOTOS
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 13 LOCATION MAP
CBD
MIDTOWN/ B WEST END SOBRO roadway LOCATION ADVANTAGE THE ve A GULCH nd 440 t E es The property is conveniently located within Centennial W walking distance of Vanderbilt University, Belmont Park University, and the popular Hillsboro Village
MUSIC shopping and dining district. Music Row provides S Vanderbilt e ROW direct access to The Gulch and Downtown University v
A Nashville. Access to I-440 is immediately south Campus t e s v A 1 of the property via 21st Avenue South. 2 d n Vanderbilt E st University EDGEHILL e W Medical Center WEDGEWOOD HOUSTON
HILLSBORO VILLAGE Belmont University Future MLS
S Stadium e v A 440 t s 1 2 12 SOUTH
d R
o r o b ls il TO H GREEN HILLS BERRY HILL 440
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 14 LOCATION & PROXIMITY MAP
NASHVILLE CBD MIDTOWN/ WEST END VANDERBILT UNIVERSITY MUSIC MEDICAL CENTER ROW
21
st
Ave S
HILLSBORO VILLAGE BELMONT UNIVERSITY 12 SOUTH
Magnolia Blvd
Miles Minutes
Nashville CBD 2.4 mi 10 min
The Gulch 1.8 mi 5 min 1935 21ST AVE S Green Hills 2 mi 6 min Portland Ave
21
st 12 South 1.2 mi 4 min
Ave S Music Row 0.4 mi 1 min
Centennial Park 1.3 mi 7 min 2004 21ST AVE S Vanderbilt Hospital 0.5 mi 4 min TO I-440 ACCESS Future MLS Stadium 2.2 mi 8 min & GREEN HILLS
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 15 WALKING DISTANCE AMENITIES
Vanderbilt DINING + DRINKING SHOPPING University & Bare Naked Bagel Altar'd State Medical Center Belcourt Taps Apple & Oak Biscuit Love Arcade Kids blvd Nashville David Cookware 0.50 Miles Brown's Diner Dress Up Cabana Impeccable Pig Chago's Cantina Mountain High Outfitters Chick Fil A Native + Nomad Donut + Dog Onward Reserve Double Dogs Posh Belcourt Grilled Cheeserie Revv Theatre Hopdoddy Burger Bar Scout & Molly's Moxy International Market Thousand Faces Hotel 0.25 Miles J. Christopher's UAL Jeni's Splendid Ice Cream Kay Bob's Grill and Ale SERVICES + ACTIVITIES Levant Mediterranean Café Belcourt Theatre McAllister's Deli Belmont University McDougal's Chicken Fannie Mae Dees Park Meet Noodles Kroger Nashville Chocolate & Nut Local Honey Pancake Pantry Moxy Hotel Belmont University PM Rodney Mitchell Proper Bagel Ruby RocknRoll Sushi Uncle Classic Subway Vanderbilt Medical Center Sushi 88 Vanderbilt University Taco Mama Villager Tavern COFFEE + JUICE Bongo Java FITNESS Fido Lotus Room Ayurveda Revelator Coffee Company Pilates Garage Urban Juicer Kroger
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 16 THE NEIGHBORHOOD
HILLSBORO VILLAGE
Hillsboro Village features a walkable network of with any respectable college neighborhood, there are labels, radio stations, licensing firms and pretty much historic homes, highly rated restaurants, scenic green plenty of spots to keep you caffeinated and focused, any other type of business related to country, gospel spaces and trendy coffee shops making it one of the including Fido, Fetch and Revelator Coffee. and contemporary Christian music. most sought after areas in all of Nashville. These establishments can be found in Hillsboro Village At the northwest side of the Vanderbilt campus along Because it is flanked by both Vanderbilt University and itself, which offers an inviting cluster of more than 25 West End Avenue is Centennial Park, which boasts a Belmont University on the southwest side of the city, bars and restaurants, as well as the classic and recently stunning replica of the Parthenon in Athens, Greece — there is a heavy concentration of college students in renovated Belcourt Theatre. right down to the 42-foot statue of Athena within. this area. Just east of the Vanderbilt campus is the heart of For a sweeping view of the Nashville skyline, pack a This thriving university scene plays a major role in Nashville’s music industry — Music Row. Here you’ll picnic and set down a blanket on Love Circle. All this shaping the overall culture and lifestyle of the area. As find recording studios, production houses, record and more is within just a five to ten minute walk.
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 17 SALE COMPARABLES
1
1 4
5 3
2 2 5 4 6
3 6
1 2 3 4 5 6 Address 1009 17th Ave S 1616 16th Ave S 1511-1513 16th Ave S 2123 Belcourt Ave 1516 16th Ave S 1501 12st Ave S Year Built 1925 1935 1920 1965 1930 1956 Groveland Investment First Citizens Buyer Hall Capital Jgbs 1616, LLC Treg P Warner Treg P Warner Group Bancshares, Inc. Rocky McElhaney United Neighborhood Seller Nina C Sivek N/A Dismas, Inc. Walter A Stinson Law Firm Health Services Date Sold March 2019 September 2017 June 2017 March 2017 September 2016 November 2015 Sale Price $1,592,656 $699,000 $1,850,000 $1,020,000 $3,000,000 $1,800,000
Size 2,288 1,376 3,928 2,028 6,425 3,520 Price / SF $696 $508 $471 $503 $467 $511
1935 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL 18 1935 21ST AVE S NASHVILLE, TN
RICK HELTON [email protected]
615.324.0785
DON ALBRIGHT [email protected] 615.771.0772
WES WHITLOCK [email protected] 615.334.7260
foundrycommercial.com