Campus parking lot sells for $4.25 million

Nick McBrideOn the Grow

Today is going to be a great day! UT’s first football game of the season and I, along with the other newly elected officials, will be sworn into office today. I am honored to be able to serve Knox County for a second term, and I appreciate your confidence.

Warranty deeds made up 277 of the 1,547 documents recorded last week. Included in the 11 property transfers valued at over $1 million were five commercial transactions.

Nick McBride

I’m sure you’ve seen the news about plans for the properties that have been purchased in the Cumberland Avenue area. The company that has been buying the properties now has another property under their umbrella. Core Knoxville Cumberland LLC purchased the parking lot located at 702 20th St from a private trust for $4.25 million (approximately 13,000 square foot parking lot).

Windsor Gardens Assisted Living on Central Avenue Pike in North Knoxville was sold by Windsor Gardens LLC to Windsor Operator LLC for $3.8 million.

In a special warranty deed, MW Silvus sold 11 acres for the new phase of the Icon Apartments in the Hardin Valley area. Accessible from Yarnell Road, and currently named Icon Apartment Homes at Hardin Valley, the land was sold to Knoxville Apartment Group Phase II LLC for $1.72 million. The property will soon look very different!

In the Corryton area, a transfer of 108 acres along Thompson School Road, took place last week. A private trust sold the property to HAM Land Partners LLC for $1.5 million. The address of the property is 7921-7923 Thompson School Road, just past Karnes Drive.

And the last was Vaughn & Melton Consulting Engineers Inc.’s sale of the building on the corner of Clyde Street and Ailor Avenue, 1909 Ailor Ave, to C. C. Woods III of South Carolina, for $3.96 million.

The largest of the 402 loans recorded was funded by First Horizon Bank and was $5.8 million of the $119 million total value last week. Pinnacle Bank loaned the next highest amount of $3 million, and First Century funded a $2.15 million dollar loan. There were 6 other loans over $1 million:

I’ve updated the three-year comparison chart as of August 26:

I’d like to remind everyone that there is a Property Fraud Alert program in place for the citizens of Knox County. Its FREE for you to sign up. This program will alert you via email if any of the names that you have entered have any activity in our system. To register all you need to do is follow this link: click here then click on Register Here and follow the prompts to enter your information. This very useful tool! If you have any issues, just give the office a call at 865-215-2330.

Have a great weekend!

Nick McBride is register of deeds for Knox County.

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