Marcus & Millichap Arranges $3 Million Sale of Tennessee Land

Regina Gaspari

NASHVILLE, TN – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Nashville Highlands - The Reserve, 209.68-acres of land located in Nashville, TN, according to Chris Travis, sales manager of the firm’s Tampa office. The asset sold for $3,100,000.

Paul Bouldin

Paul Bouldin, an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a developer, was also secured and represented byBouldin. 

California Real Estate Agent, Regina Gaspari and Broker, Jody McKibben, assisted in this transaction.

Nashville Highlands - The Reserve is located in the Bellevue submarket on Old Hickory Boulevard about 15 minutes west of downtown Nashville, TN.  

The property is an approved PUD multifamily residential development adjacent to the townhomes of Eagle Ridge at The Reserve, which is located on the east side of Old Hickory Boulevard, just north of US Highway 70 South in Davidson County, Nashville, TN. 

Jody McKibben

A section of the property consists of approximately 20 acres will permit up to 424 apartment units. The remaining land will remain in its natural state as an amenity to the community. 

The Nashville MSA has a population of more than 1.6 million people. It is a major trade, manufacturing and financial center in the southeastern United States.

           It is anticipated that the developer will start construction immediately. The site is an excellent opportunity to develop a beautiful wooded property in the hills of middle Tennessee only fifteen minutes from downtown Nashville.

Contact: 

Chris Travis

Sales Manager, 

Tampa, FL

(813) 387-4700