Scott Porter & John Colucci Of Bluecrest Capital Advisors Acquire Industrial Property In Nashville For $12.2M

The property asset involved in the transaction is an industrial property located at 500-520 Royal Parkway in Nashville, TN. The sale price for the asset was $12,200,000, and it encompasses a total area of 145,000 square feet, resulting in a price per square foot of $84.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,200,000
• Address: 500-520 Royal Parkway
• Market: Nashville, TN
• Square Footage: 145,000
• Price per Square Foot: $84
• Buyer: Scott Porter & John Colucci - Bluecrest Capital Advisors
• Financing: Acquisition financing provided by Truxton Trust
• Renovation Investment: $6,000,000 planned over five years

Scott Porter and John Colucci, representing Bluecrest Capital Advisors, are the key individuals behind the purchase of the property. Their strategy includes significant renovations targeting exterior upgrades, interior build-outs, a new roof, and road improvements as part of their investment plan.