302 S. ROYAL OAKS & 239 Bedford way

Franklin, TN

Anchor purchased this 21,000 SF office property in 2014.  Located at 302 S. Royal Oaks Parkway and 239 Bedford Way, both buildings were completely vacant at the time of purchase and had been for several years due to an unsophisticated owner. However, prior to the acquisition, Anchor signed a long term lease with Vanderbilt Medical for the 11,000 SF building located on Royal Oaks Parkway.  We later expanded them into the additional 10,000 SF on Bedford Way making the property 100% occupied.  This continues to be a great property in our portfolio and a great cash flow asset for our investors.