Convention Center Authority Of Metro Government Of Nashville Purchases Parking Lot For $52 Million

The asset involved in this transaction is a parking lot located at 811 McGavock Street in Nashville, TN. The property encompasses 1.3 acres, and the sale was made for a price of $52,000,000. The square footage of the property totals 2,100,000, resulting in a price per square foot of $25.

Summary of transation details:

• Property Type: Parking Lot
• Transaction Amount: $52,000,000
• Address: 811 McGavock Street, Nashville, TN
• Market Value: Nashville, TN
• Acres: 1.3
• Square Footage: 2,100,000
• Price Per Square Foot: $25
• Buyer: Convention Center Authority of Metro Government of Nashville & Davidson County
• Seller: U.S. General Services Administration

The deal featured the Convention Center Authority of Metro Government of Nashville & Davidson County acquiring the property from the U.S. General Services Administration, specifically the former Estes Kefauver Federal Building parking garage site.