Have you voted yet? Early voting is in full swing, ending on July 30. The Election Commission makes it easy for us to stop in and cast a ballot with the early voting locations across the county. You can vote at ANY of the locations which makes it even easier. Election day is August 4, and I would appreciate your vote.
During the week of July 18-22, 1,754 documents were recorded which brings the month to date total to 5,260. Warranty deeds accounted for 344 of last week’s documents and came to a grand total of just over $195 million. So far in July we have recorded 32 deeds over $1 million, with 17 being recorded last week.
Nick McBride
The highest value commercial property transfer of the week, and the highest of the month so far, was a $45.25 million dollar purchase. The Proton Therapy Center LLC sold the building and its specialized equipment in the Dowell Springs Business Park to Thompson Cancer Survival Center.
CP Portfolio TN LLC has purchased three new income producing properties in the Happy Holler and downtown areas from The Courtland Group LLC. The least expensive of the three properties is the condo building located at 912 N. Central Street, which was purchased for $2.37 million. The second property is The Summit Building at 102 Summit Hill Drive. The building, which has both residential and commercial spaces, and a parking lot behind the building were sold for $3.25 million. The third property, 115 S. Gay Street, also has both retail and residential spaces and was purchased for $3.65 million.
Another prominent downtown building has a new owner as well. The property at 617 W. Main Street, which is prominent on both Henley Street and West Main, was sold by 617 W Main LLC to Cadillac Sixteen LLC for $4.4 million. The last transfer of this property took place just two years ago.
The Karns community will soon have a new neighborhood. Turner Homes LLC just purchased 71 lots in their new subdivision, Terra Vista, which is just off Oak Ridge Highway at Higdon Road. The lots were purchased from BEP Terra Vista LLC for $2.9 million.
After owning the next property for only one year, HBC Warehouse Holdings Partners has sold the building at 5820 Walden Drive (in the Lyons View area) to Schaad Companies LLC for $1.5 million.
And you may be surprised at how much money a parking lot can go for these days: GP Corner LLC sold the parking lot at the corner of Summit Hill Drive and Central Street to the Ephant Group, Inc. for $4 million. That’s a valuable corner.
Loans made up 498 of the total 1,754 documents recorded last week and those carried a total of just over $150 million. The lender of the largest loan was Citizens Bank which funded $7.48 million. There were two loans over $5 million, one funded by Pinnacle Bank for $5.88 million and the other funded by FirstBank for $5.6 million. The others were:
The three-year comparison chart shows the value of warranty deeds is sure on the rise. Families are still moving to Knox County from other parts of the country, and we welcome our new neighbors.
Have a great weekend and don’t forget to vote.
Nick McBride is register of deeds for Knox County.