1400 18th Ave

Executive Summary

Cassidy Turley is pleased to offer for sale an iconic Nashville office building: 1400 18 th Avenue South. The 81,041 square foot office building is located on 2.7 acres in the heart of Music Row and Vanderbilt area. This property represents a rare opportunity to purchase a building in a core location that currently has a stabilized rent roll and strong-credit tenants. Among the tenants that call 1400 18 th Avenue home are Sony Music Entertainment, the current owner, and Vanderbilt University. The asset, originally built in 1916 as a convent, was meticulously converted to a Class A office building in 1999 and has been home to one of Nashville’s top country music labels ever since. The property’s attributes make it unique not only to the submarket, but to the Nashville market as a whole. Located across the street from Vanderbilt University’s newly constructed freshman dorms and having a sweeping view of Music Row and the Nashville Skyline, the 3-building property is serviced by a 3-story, 201-stall parking structure (as well as 21 surface spaces). This one of a kind property represents an excellent opportunity as an owner occupied or multi- tenanted facility. The buildings combine the charm of historical architectural features with modern building systems and technology critical for operating in today’s economy. Current systems include T-1 redundant fiber, a back-up generator and the latest in security systems. The state- of-the-art HVAC system not only controls the utility costs for the building as a whole, but also helps individual tenants keep track of their utility usage and allows the landlord to accommodate varying utility needs among

the building’s tenants. The 10 to 12 foot high ceilings, flexible floor plates and architectural detail, combined with the common area features of a chapel/auditorium and cafeteria, create a first-rate leasing environment. In addition, the grounds, outdoor entertaining area and motor court make an impeccable first impression. Music Row is located between Nashville’s premier residential neighborhoods, Vanderbilt University and Downtown Nashville. 1400 18 th Avenue South is an accessible and convenient location for companies seeking space in the Midtown office market. The area is popular for music, educational and local professional firms. It has recently seen numerous residential and urban retail development projects come on-line as both Belmont and Vanderbilt Universities continue to expand their borders. Terms of Offering 1400 18 th Avenue South is being presented to selected investors on an exclusive basis without an asking price. Cassidy Turley intends to conduct a call-for-offers bid deadline and will notify interested parties accordingly with further bidding instructions. Please note that ownership reserves the right to accept offers and withdraw the property from the market at any time.

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