Page 4 - 1400 18th Ave

4 | Cassidy Turley
Executive Summary
Cassidy Turley is pleased to offer for sale an iconic
Nashville office building: 1400 18th 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 18th 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 18th 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 18th 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.