Self-storage business tops high value property transfers

Nick McBrideOn the Grow

The week of December 7-11 was a bit slower for the title companies than the previous week, but that isn’t unusual during the holiday season. We recorded 263 property transfers for the week; three of those were commercial properties that changed hands for more than a million dollars.


This highest value sale of the week was $11.6 million for the Extra Space Storage property at 2072 Western Ave. to ESS Storage Acquisitions Forty Three LLC from Western Avenue CCSS I LLC.

Two other million-dollar commercial transactions took place: Gay and Vine Corner LLC, the former owner of the building located at 143 S. Gay St. sold to MKC Properties LLC for $1.1 million. And, 3456 Sibs LLC sold the property at 3011 East Industrial Parkway to Dooley Properties for $1.275 million.

Lending, while a little slower than the previous week, is still going strong. We recorded 608 mortgages that came to a total of $220.56 million. The banks and financial corporations that lent single loans over $1 million were:

3001 East Industrial Parkway

  • Berkley Point Capital – $42.4 million
  • Citi Real Estate Funding Inc. – $36.0 million
  • Bank of Tennessee – $4.19 million
  • First Volunteer Bank – $3.25 million
  • Pinnacle Bank – $3.2 million
  • Simply Bank – $1.5 million
  • Peoples Bank of the South – $1.2 million
  • Home Federal Bank of Tennessee – $1.1 million

All of our top lenders can be viewed here.

Don’t forget, we’re on Facebook: @KnoxRegister Please give us a ‘like’ and share the page.  Have a safe and happy week!

Nick McBride is register of deeds for Knox County

 

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