source: bizjournals.com
The Children’s Aid Society recently scored a sweet deal on a Five Points South office building, according to an entry this week in our new commercial real estate database.
Owner Carl E. Miller III initially listed the 17,350-square-foot office building at 2141 14th Ave. S. in Five Points South for $1.35 million, or $77.81 per square foot, according to LoopNet.com.
But the entry shows the society paid just $860,000, or $49.57 per square foot.
That’s not bad, especially considering the land and three-story building, which was built in 1965, were appraised by the Jefferson County Tax Assessor’s Office at a total of $1.38 million.
The deal is even sweeter considering all that’s going on in Southside.
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