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
Centennial Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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