Marcus & Millichap Lists $23M Single-Tenant Office Portfolio in Nashville, TN

 
FRANKLIN, TN – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for a 133,200-square foot, two-building office property portfolio occupied by UnitedHealth Group Inc (top left photo).

 The listing price of $23 million represents $173 per square foot.

Joseph Massa, (top right photo)  a net-leased property investment specialist in Marcus & Millichap’s Nashville office, is representing the seller, a local real estate partnership.

“UnitedHealth Group Inc. is one of the nation’s leading health care companies,” says Massa. “The leases are absolute triple-net with 3 percent annual increases and the location is within one of the best suburban office markets in the Southeast.”

The buildings are located at 1009 and 1021 Windcross Court in the Cool Springs office submarket with excellent access to Interstate 65. Franklin is approximately 10 miles south of Nashville in Williamson County, the nation’s 16th wealthiest county, per capita.

Built in 1999 and 2004 on 11.4 acres, the buildings are 100 percent occupied by UnitedHealth Group Inc. In 2009, UnitedHealth Group reported $87.1 billion in annual revenue. The company has a Standard & Poor’s A- credit rating and is ranked No. 21 in the Fortune 500.

Marcus & Millichap Names Ron Hebert to Vice President Investments in Dallas Office

DALLAS, TX – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Ron Hebert (lower left photo)  to the position of vice president investments.

The achievement of vice president investment status is one of the highest levels of recognition the firm awards its sales agents.

 It represents excellence in client relationships, investment real estate expertise and sales volume, according to John. J. Kerin (lower right photo), president and chief executive officer.

Most recently, Hebert held the position of associate vice president investments.

Hebert began his career with Marcus & Millichap in 2004, specializing in office and industrial property investment sales. He has consistently ranked as one of the top 10 agents in the Dallas office.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716