Investor Henry Woodard has purchased the two-story building that houses the Music Row area’s SAE Institute of Technology, and its .69 acres, for $3.55 million. The nearly 14,000-square-foot building is located at 7 Music Circle N.
SAE Institute of Technology occupies the entire building, and still has seven years left in its lease, as well as a renewal option to extend the lease. The building was purchased as a single tenant cash flowing investment.
OakPoint Real Estate’s Rob Gage, who represented the sellers in the transaction, tells MusicRow that redevelopment of the site could be a consideration in the future, but for now, the purchaser intends to hold it as an investment.
SAE Institute Nashville offers education in audio technology and music business. SAE was established in 1976, and has 53 campuses in 27 countries, including seven U.S. campuses in Nashville, Atlanta, Chicago, Los Angeles, Miami, New York, and San Francisco.
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Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at jnicholson@musicrow.com.View Author Profile
