1815 Division Street Development Opportunity

DIVISION STREET 1815 Nashville, Tennessee DEVELOPMENT OPPORTUNITY WEST END AVENUE BROADWAY DIVISION ST LOCATED IN THE HEART OF NASHVILLE, TENNESSEE Affiliated Business Disclosure and Confidentiality Agreement CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related and qualified prospective purchasers. In this Memorandum, certain documents, including entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses leases and other materials, are described in summary form. These summaries do not purport including, but not limited to, brokerage services, property and facilities management, to be complete nor necessarily accurate descriptions of the full agreements referenced. valuation, investment fund management and development. At times different Affiliates may Interested parties are expected to review all such summaries and other documents of whatever represent various clients with competing interests in the same transaction. For example, this nature independently and not rely on the contents of this Memorandum in any manner. Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or in this Memorandum (the “Property”) may submit an offer to purchase the Property and representatives make any representation or warranty, expressed or implied, as to the accuracy may be the successful bidder for the Property. You hereby acknowledge that possibility or completeness of this Memorandum or any of its contents, and no legal commitment or and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all you are to rely solely on your investigations and inspections of the Property in evaluating a instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in possible purchase of the real property. the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of or prospective offeror, but rather will conduct its business in a manner consistent with the law interest or offers to purchase the Property, and/or to terminate discussions with any entity at and any fiduciary duties owed to the client(s) it represents in the transaction described in this any time with or without notice which may arise as a result of review of this Memorandum. The Memorandum. Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the This is a confidential Memorandum intended solely for your limited use and benefit in purchase of the Property have been fully executed, delivered and approved by the Owner and determining whether you desire to express further interest in the acquisition of the Property. any conditions to the Owner’s obligations therein have been satisfied or waived. This Memorandum contains selected information pertaining to the Property and does not By receipt of this Memorandum, you agree that this Memorandum and its contents are of a purport to be a representation of the state of affairs of the Property or the owner of the confidential nature, that you will hold and treat it in the strictest confidence and that you Property (the “Owner”), to be all-inclusive or to contain all or part of the information which will not disclose this Memorandum or any of its contents to any other entity without the prior prospective investors may require to evaluate a purchase of real property. All financial written authorization of the Owner or CBRE, Inc. You also agree that you will not use this projections and information are provided for general reference purposes only and are based on Memorandum or any of its contents in any manner detrimental to the interest of the Owner or assumptions relating to the general economy, market conditions, competition and other factors CBRE, Inc. beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested 2 1815 DIVISION STREET TABLE OF CONTENTS Contact Executive Summary 05 Lance Bloom Senior Associate CBRE, Inc. Comparables 11 P: +1 615 248 3500 [email protected] Market Overview 16 3 1815 DIVISION STREET Property Details Parcel 1 DIVISION STREET 1815 City Nashville, TN Address 1815 Division St Acreage 0.68 AC EXECUTIVE SUMMARY Building Size 12,600 SF The Opportunity Zoning MUI - 20 Stories CBRE, Inc. is pleased to represent the Owner as the exclusive marketing advisor in the sale Parcel 2 of two adjacent trophy land sites, located in the premiere Vanderbilt/Midtown submarket of Nashville, Tennessee (the “Property”). The subject sites are located at the southeast corner City Nashville, TN of 19th and Division Street two blocks away from Vanderbilt University. The Midtown/ Vanderbilt submarket is the most desirable mixed use submarket in Nashville and one of Address 808 & 812 19th Ave S the most difficult areas to secure prime real estate. Condo sale prices in the Vanderbilt/ 0.52 AC Midtown neighborhood eclipse both SoBro and the Gulch. The site is zoned for mixed use Acreage development, with a 20 story height limit. The property lies in the Midtown Overlay, and is Building Size 6,100 SF & 3,700 SF NOT effected by any Music Row overlay. Zoning MUI - 20 Stories Offering Highlights • Nashville is a top market for investment in the country and is projected to lead the US in job growth over the next two years. • Site offers flexibility as a long term investment or potential upscale hospitality/ multifamily project based on current zoning and submarket. • Core location in the Vanderbilt/Midtown neighborhood. • The neighborhood is home to the highest priced condos in Nashville, with the Adelicia reaching $1,000/SF for the Penthouses. • Irreplaceable real estate near 4 story hotels, Class A condos and Office, incredible medical employment and Vanderbilt University. • One-of-a-kind location. 5 1815 DIVISION STREET 29 30 CHURCH ST 16 17 18 4 21 WEST END AVENUE 3 20 2 19 22 1 24 5 23 9 6 7 10 VANDERBILT UNIVERSITY BROADWAY 15 14 DIVISION ST 25 26 8 28 27 11 12 13 6 Restaurants - Purple Hotels - Red Retail - Blue Places of Interest - Green 1 Hattie B’s Hot Chicken Midtown 11 Giovanni Ristorante - Upscale Italian 21 Aloft West End 2 Midtown Cafe - Casual Fine Dining 12 Starbucks 22 Hilton Garden Inn 3 Valentino’s Ristorante - Upscale Italian 13 Panera Bread 23 Embassy Suites 4 Blackstone Pub & Brewery 14 Union Common - Retro-modern Steakhouse 24 Hilton Home2 Suites 5 Tavern - Gastropub 15 Donatos Pizza 25 Kimpton Hotel 6 Chuy’s - Mexican Restaurant 16 Residence Inn / SpringHill Suites 26 Losers Bar - Live Music Venue 7 The Red Door Saloon 17 Hutton Hotel 27 Caviar & Bananas - High End Gourmet Market 8 Soulshine Pizza Factory 18 Loews Vanderbilt 28 Orange Theory Fitness 9 JJ’s Market & Cafe 19 Hampton Inn 29 St Thomas Hospital 10 The Patterson House - Speakeasy 20 Marriott Courtyard 30 TITLE Boxing Club 7 HCA Headquarters Centennial Park Tristar Centennial Medical Center WEST END / ELLISTON PLACE St. Thomas Hospital Lowes Vanderbilt Hotel 1818 Church St Apartment Development CHURCH ST VANDERBILT WEST END AVE Midtown Aertson Midtown Entertainment Palmer Plaza Mixed-use Development District Offices BROADWAY DIVISION ST Adelicia Condos SkyHouse Apartment MIDTOWN Development Lennar Apartment Development Virgin Hotel MUSIC ROW / DEMONBREUN Development 8 GERMANTOWN CBD SOBRO THE GULCH The Cadence Apartment Roundabout Development Plaza Offices 120,000 SF Class A Element Music Office Development Row Apartments Olympus Midtown Apartments SkyHouse Apartment Virgin Hotel Development Development 96,000 SF Class A WEST END Office Development 1818 Church St Apartment Development MIDTOWN MUSIC ROW / DEMONBREUN Music Square Flats Apartment Development DIVISION ST BROADWAY Lennar Apartment CHURCH ST WEST END AVE Development Midtown Adelicia Condos Entertainment District 9 1815 DIVISION STREET DIVISION ST BROADWAY 10 COMPARABLES 11 1815 DIVISION STREET PROPERTY Pine Street Flats RENT COMPARABLES MAP ADDRESS 1055 Pine St 1 SUBMARKET Gulch UNITS 296 AVG RENT/SF $2.64 PROPERTY Velocity ADDRESS 320 11th Ave S 2 SUBMARKET Gulch UNITS 264 AVG RENT/SF $2.26 2 3 PROPERTY 1505 Demonbreun 4 1 ADDRESS 1505 Demonbreun 3 SUBMARKET Music Row UNITS 209 AVG RENT/SF $2.49 PROPERTY Element Music Row ADDRESS 1515 Demonbreun 24 SUBMARKET Music Row UNITS 430 AVG RENT/SF $2.70 12 1815 DIVISION STREET PROPERTY Artisan on 18th RENT COMPARABLES MAP ADDRESS 819 18th Ave S 51 SUBMARKET Midtown UNITS 153 AVG RENT/SF $2.30 PROPERTY Note16 ADDRESS 1520 Horton Ave 6 SUBMARKET Edgehill UNITS 86 5 AVG RENT/SF $2.37 7 8 PROPERTY Twenty & Grand ADDRESS 2000 Grand Ave 73 SUBMARKET Midtown UNITS 99 AVG RENT/SF $2.28 6 PROPERTY Wesley

Load more