Five self-storage properties bring $18.95 million

Happy Leap Day! Hope you have had a good month. Last week was a 4-day work week for the office as we celebrated Presidents’ Day on Feb. 19. Our document total was 1,028 with 150 Warranty Deeds (property sales). Those 150 sales had a combined value of $81.42 million which included 12 with price tags over $1 million.

Ten commercial properties were on the million-dollar list.

NSA II OV TN JV PO LLC spent $18.95 million last week, purchasing five self-storage properties from NSA Property Holdings LLC. These properties are located across the county, with the most expensive being the IStorage property at 4709 Chapman Highway, which sold for $4.86 million. The second-highest priced property was on Linden Avenue and cost $4.17 million. The property at 8848 Kingston Pike was purchased for $3.92 million, 4540 Walker Blvd. (at N Broadway) went for $3.46 million and the least expensive was the property at 4318 Middlebrook Pike, which cost $2.55 million.

Last week’s transactions also included the sale of a 26-acre lot adjacent to McFee Park in Farragut. A private party sold the property at 12960 Allen Kirby Rd to TJCJT Ranch LLC for $4.5 million.

Waterstone Farm LLC purchased a 47.63 farm property at 3312 Tipton Station Road in South Knoxville from Shangri-La Therapeutic Academy of Riding Inc. for $1.5 million.

The Pizza Hut located at 10402 Kingston Pike in the Lovell Heights area of west Knox County was sold by a private party to FT Sanders Partners GP for $1.15 million.

Property owned by St Germain Investments LLC since 2006 was among the commercial transfers too. The property, 6000 Industrial Heights Dr., was sold to a private trust group for $1.13 million.

The former CVS Pharmacy at 2800 N Broadway (near the US Post Office) was sold by Tennessee CVS Pharmacy LLC to Autozone Development LLC for $1 million.

201 loans valued at $70.21 million were added to the records last week. Only two came in with million-dollar amounts; Prudential Insurance Companies of America lent $18.8 million and Pinnacle Bank advanced $1.26 million.

The year-to-date comparison chart is updated through last Friday:

Since today is Leap Day, why not take this opportunity to give yourself peace of mind by “taking the leap” and signing up for the FREE Property Fraud Alert Program? This program is designed to send an email alert ONLY if documents are recorded in the names you have listed. It is easy to sign up, just visit our new website: https://rod.knoxcounty.org/

Don’t forget, if you find that you need a presenter for a civic or homeowners meeting, I’d be happy to help. Just give me a call at the office to schedule: 865-215-2330.

Have a great weekend!              – Nick

Nick McBride is register of deeds for Knox County.