Eric Strickland Of 3LS Inc. Acquires Office Building In Brentwood For $8 Million
5314 Maryland Way
$8,000,000
$210/SF
Building Size
38,000 SF
Asset Type
Office
Closing
Oct 2, 2026
About this deal
AI
The property asset involved in the transaction is a 38,000-square-foot office located at 5314 Maryland Way in Brentwood, TN. The sale price for the property was $8,000,000, translating to a price per square foot of $211.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,000,000
- Buyer: Eric Strickland - 3LS Inc.
- Location: 5314 Maryland Way, Brentwood, TN
- Square Footage: 38,000
- Price Per Square Foot: $211
3LS Inc. plans to move its headquarters from Nashville to the newly acquired office building in the summer of 2027. The company intends to invest an additional $2,000,000 in renovations. Furthermore, Shannon Litton is set to be elevated to a C-suite position within the company as part of this transition.
On the Map
$8,000,000
$210/SF
Office
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Players
Brentwood Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93