facebook
Traded Co logo
Submit

Thomas James Homes, LLC Acquires Development Site In Brentwood For $2.5M

Property Image
SOLD
$2,475,000
Ryan Rothstein-Serling
Martin Agnew
+ 2

Tennessee

See Similar Deals
Development Site9,000 SF
Sold 04/07/2020
the dealplayerscompscontact
Property Image
SOLD

Thomas James Homes, LLC Acquires Development Site In Brentwood For $2.5M

1977 Mayfield Place, Brentwood, TN, USA

See Similar Deals
Development Site9,000 SF
Sold 04/07/2020
Ryan Rothstein-Serling
Martin Agnew
+ 2
Contact now

Summary

TENNESSEE
Asset Type:Development Site
Price Per Square Foot:$275
Total Square Footage:9,000 SF
Transaction Type:Sale

A development site located at 11977 Mayfield Avenue in Brentwood has been sold. The property was purchased by Thomas James Homes, LLC from Georgia Qutami and Aristotle N. Qutami. The sale was facilitated by brokers Ryan Serling, Martin Agnew, Stuart Fagan, and Michelle Mandel from the Agnew Serling Group. The transaction took place on April 7, 2020, for a price of $2,475,000.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $2,475,000
  • Address: 11977 Mayfield Avenue
  • Market: Brentwood
  • Buyer: Thomas James Homes, LLC
  • Seller: Georgia Qutami & Aristotle N. Qutami
  • Brokers: Ryan Serling, Martin Agnew, Stuart Fagan, Michelle Mandel from the Agnew Serling Group
  • BSF (Building Square Footage): 9,000
  • PPBSF (Price Per Building Square Foot): $275.00

Ryan Serling, Martin Agnew, Stuart Fagan, and Michelle Mandel from the Agnew Serling Group were the brokers who represented the buyer, Thomas James Homes, LLC, in this transaction. The development site, with a building square footage of 9,000, was sold for $2,475,000 at a price per building square foot of $275.00.

Players

Martin Agnew
119 deals$436.8M volume
BROKER

Michelle Mandel
Keller Williams Realty
1 deal$2.5M volume
BROKER

Ryan Rothstein-Serling
Marcus & Millichap
122 deals$509.8M volume(818) 212-2725
BROKER

Stuart Fagan
Marcus & Millichap
3 deals$8.1M volume
BROKER

Details

SOLD
IMAGE: Ryan Serling , Martin Agnew & Stuart Fagan DATE: 04/07/2020 ADDRESS: 11977 Mayfield Avenue MARKET: Brentwood ASSET TYPE: Development Site BUYER: Thomas James Homes, LLC SELLER: Georgia Qutami & Aristotle N. Qutami BROKERS: Ryan Serling, Martin Agnew, Stuart Fagan, Michelle Mandel @AgnewSerlingGroup PRICE: $2,475,000 BSF: 9,000 ~ PPBSF: $275.00

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$132,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,793.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,732.76
Annual Debt Service$140,793.15