An Institutional-Quality, Professionally
Managed Asset
741 Cool Springs Boulevard, built in
1998, is among the premier Cool Springs
office properties. The property has
been owner occupied since it was first
developed resulting in greater attention
to maintenance and capital repairs than
would typically be found in a building
leased to third parties.
Positive Market Dynamics
Nashville continually ranks among the
premier cities for corporate relocations,
quality of life and pro-business
government. The city has managed
to weather the economic storm far
better than its peers. Demand for office
buildings such as 741 Cool Springs
Boulevard offering high-end finishes in a
corporate setting is expected to remain
strong as investors seek stabilized
assets with long term rent growth
prospects. These strengths coupled with
a highly visible location on Cool Springs
Boulevard have the asset positioned to
outperform over the long term.
Barriers to Entry
Despite the relative strength of the
Nashville economy, the region has
seen little new speculative construction
in recent years. The challenging
topography surrounding much of the
city limits the cost effectiveness and
availability of new projects. While there
are some nearby development parcels,
it is unlikely that there will be significant
speculative construction in the near term
without substantial pre-leasing.
Stabilized Cash Flows
With a tenant base of a fortune 500
company in Sony agreeing to a ten year
lease on more than half of the building,
741 Cool Springs Boulevard represents
an opportunity to purchase a property
with both stabilized cash-flow and
potential capital appreciation.
Numerous Area Amenities
The property is within a short drive of
numerous retail outlets including banks,
restaurants and general services. A short
walk across Cool Springs Boulevard is
The Meridian Life-style center, a 60-acre
mixed used development consisting
of 70,000 square feet of retail and
restaurant space and two full-service
hotels.
Discount to Replacement Cost
This offering represents a significant
discount to replacement costs. Current
estimates for comparable new class A
construction in the area are in excess of
$220 per square foot.
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