A North Davidson County warehouse housing an animatronics company with customers whose Disney World was sold for $ 19.6 million – a relatively remarkable transaction recently based on price, use and location.
The new owner of the building, with an address of 101 Fernco Drive (and an alternate address of 2834 Brick Church Pike), is a California-based family trust, according to a source who requested to remain anonymous.
A 77,710 square foot warehouse sits on the 7.61 acre property and is home to Animax Designs, which creates sculptures, 3D characters, costumes and animation related to the film and television industries.
Charles Fawcett, who founded Animax Designs in 1989, was the seller. Two years ago, he sold the business to Singapore-based CityNeon Holdings, but retained ownership of the building and leased it to Animax.
The case is the equivalent of about $ 252 per foot based on the size of the warehouse. Few recent transactions in this part of North Davidson County have approached the per foot and purchase prices of the transaction.
According to marketing materials, the building was constructed in 2008 and remodeled in 2018. Fawcett paid $ 6,295,000 for the property in 2017, according to Metro records, before undertaking the improvements.
Travis Kelty, a local real estate developer, broker and investor owner of Brentwood-based Kelty Commercial, represented Fawcett. Jamie Brandenburg of Franklin-based Compass Real Estate represented the buyer.
Notes on Marketing Materials Animax Designs will remain the tenant of the building for another eight years. The source said the new owner apparently had no plans to redevelop the property and made the purchase as a long-term investment.