Murfreesboro, TN – InLight Real Estate Partners is pleased to announce the acquisition of 606 Butler St, Murfreesboro, TN, marking our first value-add investment in the Nashville, TN MSA and our 33rd closed investment since our founding in 2021. This strategic acquisition includes a single building situated on 12.7 acres, offering 250,350 square feet of industrial space with clear heights ranging from 21 to 28 feet. The facility features 40 auto parking spaces, 16 dock doors, 2 drive-in doors, and is ideally configured for two tenants with separate offices, access drives, and truck courts.
Located just four minutes from the Interstate 24 on-ramp and 40 minutes from both downtown Nashville and BNA Airport, the property provides exceptional access and value to tenants seeking proximity to the Nashville MSA at a relative discount. The site is surrounded by prominent industrial tenants including Amazon, FedEx, Penske, Lineage, Americold, General Mills, Oshkosh, and Westrock, reinforcing its appeal and strategic importance.
Acquired off-market at a competitive basis, we successfully leased 50% of the space prior to closing and are currently fielding strong interest in the remaining 125,175 square feet. Notably, this is the only Class B+ (post-CapEx) vacant space of its size in the Murfreesboro market, offering a compelling alternative to new developments.
Leasing efforts are being led by Griffin Farris of Stream, who is actively engaging with prospective tenants.
“Coupled with our planned improvements, 606 Butler offers tenants maximum value for money – immediate access to the Nashville MSA and less than a two day’s drive from 70% of the US’ population all for a fraction of the price for similarly located class A assets. Clearly this has resonated with users in the market, we’ve already secured a lease for 50% of the space and are fielding multiple inquiries for the remaining 125,175 square feet, which we’re excited to bring to market.” – David Burch, Co-Founder & Managing Partner.
