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$10M Gets a Fiserv Triple-Net-Leased Industrial Property in Nashville
JLL has closed the $10.2-million sale of a single-tenant, 51,528-square-foot industrial warehouse triple net leased to Fiserv in an infill area within Nashville, TN.
A JLL team of Mitchell Townsend, Anthony Walters, Perry Wolcott, Matt Wirth and Robin Stolberg represented the seller, an affiliate of Next Realty, LLC, which purchased the property in 2017. Bridge Net Lease acquired the asset.
Next Realty recently had negotiated and executed a new long-term lease extension with Fiserv.
“This transaction demonstrates that investor appetite for long-term, single-tenant, net-leased deals in primary infill locations remains strong, despite recent volatility in the interest rate markets,” Townsend said.
The property offers a side-load configuration, clear heights ranging from 20 to 22 feet, three dock-high doors, one drive-in door, office finish and 0.46 acres of potential land for expansion or outdoor storage.
Positioned on 4.26 acres at., the building is approximately five miles from downtown Nashville and proximate to Interstate 24.
- ◦Sale/Acquisition
