135,373 SF — $43,250,000
Single tenant net lease sale of a GSA leased IRS office building in the Cool Springs submarket of Franklin, Tennessee, roughly twenty miles south of downtown Nashville. Built to suit for the Internal Revenue Service in 2012, the building sold for $43.25 million at $319 per square foot, a record for the greater Nashville office market at the time. The asset was backed by the full faith and credit of the United States government in one of the highest household income submarkets in the Southeast.