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Meharry Medical Arts Center

Off-Market

1919 Charlotte Avenue, Nashville, TN 37203

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  • Property Type Office - Medical Office
  • Property Size 38,194 Sqft
  • Lot Size 1.86 Acre
  • Parking Spaces Avail. 171
  • Parking Ratio 4.50/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988

Location

  • City Nashville, TN
  • Neighborhood Midtown - Vanderbilt University
  • Zip Code 37203
  • Market Nashville

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 09 Dec, 2020
  • Purchase Price $14,000,000
  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Nashville

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Nashville Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $31.54
  • 2020 Office Vacancy Rate 12.01%
  • 2020 Office Completions (Sqft) 1,452,631

Nashville Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $357.66
  • 2020 Office Sales Volume $445.5M
  • 2020 Number of Transactions 13
View more Nashville market trends

Tax

  • Property Tax in 2020 $147,849
  • Market Value $8,756,800
  • Assessed Value $8,756,800

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Meharry Medical Arts Center?

Meharry Medical Arts Center totals 38,194 square feet.

When was this property built?

Meharry Medical Arts Center was built in 1988.

When was Meharry Medical Arts Center last sold?

Meharry Medical Arts Center was last sold on 09 Dec, 2020.

What was the last purchase price for Meharry Medical Arts Center?

Meharry Medical Arts Center was last sold for $14,000,000.

What is the property tax for Meharry Medical Arts Center?

The property tax for Meharry Medical Arts Center in 2020 was $147,849.

What is the market value for Meharry Medical Arts Center?

The market value for Meharry Medical Arts Center in 2020 was $8,756,800.

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