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Local investor pays $2 3M for Midtown property

Shmerling now owns site with small building, near Saint Thomas Nashville-based real estate investor Mike Shmerling has paid via an LLC $2.3 million for a property located near Saint Thomas Hospital Midtown, according to a Davidson County Register of Deeds document. The three-parcel site offers a small, nondescript commercial building and a collective 0.37 acres. It has addresses of 306 19th Ave. N., 1818 State St. and The seller was Austin-based prosthetics maker Hanger Inc., a publicly traded company that bills itself as generating $1 billion in annual revenue and with nearly 5,000 employees. Hanger no longer operates from the empty building. Hanger, via J.E. Hanger of Georgia Inc., paid a collective $345,000 for the property in two separate transactions, according to Metro records. The Hanger building hugs the modernist structure called State House Condominiums.

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