During the first week of October 2023, we recorded a total of 1,304 documents. This included 310 loans and 249 Warranty Deeds (property sales).
Nick McBride
There were 11 sales of over a million dollars during the week and four of those were commercial properties. The total value of property transferred last week was $105.11 million.
No, it’s not déjà vu; the highest-value commercial property transfer of the week involves a property that changed hands two months ago. EquipmentShare.com purchased four parcels on McBride Road for $4 million in August 2023. Last week they sold the four parcels to Store Master Funding XIV LLC for $5.48 million. The property includes 10932, 10924 and 10912 McBride Rd., as well as the parking lot across the street from the buildings.
Hardin Valley Investments LP sold three parcels of land equaling 58.84 acres on Hardin Valley Road across from the Hardin Valley schools campus. Hardin Valley CLMH LLC purchased the currently undeveloped property for $2.7 million.
10325 Yellow Pine Lane
Bush Jankins Properties sold 10325 Yellow Pine Lane, which is part of the Cogdill Business Park, to SRG Holdings Knoxville LLC (a Georgia company) for $1.24 million.
922 N. Central
The last of the commercial sales was the building at 992 N Central. A private party sold the building to RRI Project LLC for $1.7 million.
The lending total for the week was $109.96 million. Independent Bank was at the top of the list backing a loan for $13.29 million. Citibank NA funded a loan for $5.47 million, United Community Bank loaned $4.13 million, and Home Federal Bank backed a loan of $4 million. The others are as follows:
The three-year comparison chart has been updated:
Don’t forget, our office has developed a FREE Property Fraud Alert Program. Find out more about the program and register on our website: https://rod.knoxcounty.org/fraud-alert-program/
If you’re in need of a speaker for a luncheon, dinner, or community event, I have good information which I am happy to share with your group. Give me a call at the office to discuss dates and times, 865-215-2330.
Good luck to our VOLS this weekend; the staff and I will be decked out in orange. GO VOLS! – Nick
Nick McBride is register of deeds for Knox County.