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Mixed Use

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5300 Centennial Boulevard

Updated Sep 21, 2026

SOLDMixed-use

Robert Levy Of LBX Acquires 95,000 SF Mixed-Use Property In Nashville For $37.5M

5300 Centennial Boulevard

$37,500,000

$394/SF

Building Size

95,000 SF

Asset Type

Mixed-use

Closing

Sep 16, 2026

About this deal

AI

A mixed-use property at 5300 Centennial Boulevard, Nashville, TN, has been sold for $37,500,000. This asset spans 3.42 acres and features 95,000 square feet of development space, with a price per square foot of $395. The property was previously owned by Vintage South, which acquired it for $6.5 million in 2020 and undertook conversion efforts from industrial use to retail and office spaces.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $37,500,000
  • Address: 5300 Centennial Boulevard
  • Market: Nashville, TN
  • Acres: 3.42
  • Square Feet: 95,000
  • Price per Square Foot: $395
  • Buyer: Robert Levy - LBX
  • Seller: Vintage South

An affiliate of LBX Investments is identified as the buyer of the property. Vintage South remains notable for transforming the former industrial site into a functional mixed-use development over the past years, positioning the asset for future growth in West Nashville.

Players

Robert Levy

Broker

$72.1M

vol

2 deals

Broker

Robert Levy

LBX

Buyer

$72.1M

vol

2 deals

Buyer

Centennial Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $394 per square foot on a published $37.5M for 95,000 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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