This Office property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Office For Sale, Nashville, TN or Tennessee

T-Mobile Call Center

695 Grassmere Park, Nashville, TN 37204


69,287 SF | Office

  • Print

Office Property - Off Market

Building Size:
69,287 SF
Property Type:
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with
8 years left on lease
Cap Rate:
No. Stories:
Building Class:
Year Built:
Lot Size:
7.50 AC
Listing ID
Last Updated
over 1 year ago


  • Lease secured by a credit rated tenant: T-Mobile USA is rated Ba2; parent company is rated Baa1
  • Favorable Assumable Existing Financing: Non-recourse loan @ 5.59% fixed & 30yr amortization
  • Attractive Leveraged Returns: 1st year leveraged return is 9.80% & and an 8yr IRR of 12%+
  • Nashville, Tennessee: One of the most attractive business environments in the country
  • Located in Grassmere Business Park: One of Nashville's most desirable office destinations
  • Proximity to executive housing: Grassmere is convenient to Brentwood, Belle Meade, Forest Hills, Green Hills and Oak Hill


Nashville Commercial | Cushman & Wakefield Alliance, as exclusive agent for the seller, is pleased to offer for sale Nashville' s T-Mobile Call Center. Located in one of Middle Tennessee' s most prominent business parks, the property is under a NN lease expiring January 2017. The center was built specifically for the tenant, with the tenant investing over $4.2 million of their own capital into the facility. This property currently serves as a customer service call center for T-Mobile USA.

The existing financing is assumable and non-recourse, has a fixed interest rate of 5.59%, a maturity date of December 2016 and an LTV of 60.5% of the asking price. This capital structure allows for a 1st year leveraged return of 9.80% and a projected IRR of 12.64% over an 8-year hold.

This offering provides an investor the opportunity to acquire a secure real estate investment with favorable, non-recourse financing and earn an attractive, stable return.

Grassmere Business Park continues to be a highly desirable business destination. Located just off the Harding Place/Interstate 65 interchange, the park is less than 10 minutes from the Nashville CBD and 15 minutes to Nashville International Airport (BNA). The location also provides convenient access to the office markets and residential communities of both Davidson and Williamson counties.

Map of 695 Grassmere Park, Nashville, TN 37204 (Davidson County)

Research for 695 Grassmere Park, Nashville, TN 37204 (Davidson County)

  • Demographics – Population, income & other demographics near 695 Grassmere Park
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

3 Photos
Rachel Dr
Rachel Dr
  • Nashville, TN
  • Price Not Disclosed
  • 90,000 SF Bldg
United Steelworkers Bui... United Steelworkers Bui...
  • Nashville, TN
  • $5,000,000
  • 79,000 SF Bldg