Developer pays $1.7M for WeHo property

1322 Little Hamilton Ave.

A local developer and real estate investor has acquired a property located about two blocks south of Wedgewood-Houston’s commercial epicenter for almost $1.7 million — 18 years after it changed ownership hands for $80,000.

The address of the property, which accommodates a nondescript concrete block building, is 1322 Little Hamilton Ave. The building houses vehicle repair shop Tucker’s Auto Medic.

According to a Davidson County Register of Deeds document, the new owner is Beeqco LLC. That entity is affiliated with Brad Bars, a local real estate financier who played briefly with the NFL's New York Giants. In addition, Giachery Lizarraga, who co-developed with Yancy Lovelace the mixed-use building Farrow at Five Points in East Nashville-area (read more about that here), is also part of the LLC.

Lizarraga, director of development for Hybrid Phoenix Holdings, could not be reached for comment.

The sellers were a couple who acquired the 0.34-acre property in the fast-changing — and increasingly development-desirable Wedgewood-Houston — in September 2002 for $80,000, according to Metro records.

The specific sales price of the recent deal was $1,265,000. The Post was unable to determine if brokers were involved in the deal.

Of note, New York-based Somera Road plans to convert a nearby building to creative office and retail uses (read here).

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.