Beau Beach, MBA, CCIM presents:
1241 Foster Avenue is 12,100 SF on an over-sized 1.34 acre parcel of land. Built in 1977, the property is fully leased and in great physical condition. Zoned Industrial Warehouse and Distribution (IWD).
Comparable Sale (Sold May 2025)
5 blocks away, 1100 Menzler Road is nearly identical except 1241 Foster has 74% more land!
| Property | Year Built | Square Footage | Land Acres | Price | Price/SF |
| 1241 Foster | 1977 | 12,100 | 1.35 | $3,630,000 | $300/SF |
| 1100 Menzler | 1982 | 12,000 | 0.77 | $3,600,000 | $300/SF |
In conclusion, 1241 Foster includes 24,829 square feet MORE land…which is valued at $30/SF…making this excess land worth +/- $750,000.
This valuable, excess land makes 1241 Foster priced substantially below the most recent comp!
Expand the Building
Floor Area Ratio (FAR) is a metric that quantifies the total floor area of a building relative to the size of the land parcel it occupies. With a FAR of just .21 you have plenty of land to expand the building.
Average FAR’s for single-story industrial properties typically range from .15 to .50
Increase Rents to Market
This property is fully leased to Mazzella Companies, an industrial solutions company that provides lifting, rigging, overhead cranes, and related engineered services and products for construction, manufacturing, and other heavy industries.
Market rents in the area are $25/SF. The current tenant is paying 56% below the market rent.
Qualified buyers should contact Beau for details related to the existing lease.
Unbelievable Location
Located just southeast of downtown Nashville with views of the ever-growing Nashville skyline. Its exceptional accessibility is a key differentiator, with I-40 and I-24 minutes away, putting the entire region within easy reach and making service to customers remarkably efficient.
Located within the I-440 loop, the convenience of interstate access from this location is unmatched.
Located between Nolensville Pike and Murfreesboro Pike near the fast-changing Wedgewood-Houston Neighborhood.
The market for industrial properties is very tight. Looking ahead, the long-term supply outlook for comparable properties remains unfavorably constrained. Elevated interest rates continue to temper new development starts, while the critical scarcity of industrially zoned land in and around the Nashville metropolitan area has further muted new construction.
Buyer to receive $5,000 Convenience Credit
Buyer will receive a $5,000 credit at closing if our brokerage manages the entire transaction. We must prepare all the paperwork.
Call Beau at 615-200-9330 or email Beau@Beachwood.ai with all questions.
- Price: $3,630,000 ($300/SF)
- Area: 1.34 acres
- Phone Number: 615-200-9330
- Space (s.f.): 12,100 SF