Top commercial real estate transactions for October 2012

Friday, November 30, 2012, Vol. 36, No. 48

October 2012 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

Chandler Reports has been publishing Real Estate Market Data since 1968. That year, Chandler began collecting residential sales information for the Chandler Residential Report, considered the authoritative source for residential real estate sales information. Over the next three decades, the publications have been continually refined, enhanced and expanded, growing to include lot sales data, new residential construction and absorption information, and commercial sales. In 1987, Chandler Reports began one of the first on–line real estate market data services in the country, and is a nationally recognized leader in the industry. In 2004, Chandler Reports was purchased by The Daily News Publishing Co. In 2007, Chandler introduced RegionPlus, including property research for Nashville and Middle Tennessee. Visit online at chandlerreports.com.

Davidson County

Address	Zip	Date	Buyers	Sellers	Sale Price
10 Century	37214	10/26	ESNA Hotel Owner LLC	Felcor/JPM Hospitality SPE LLC	$20,500,000
700 12th	37203	10/25	Nashville Terrazzo Partnership	CJUF II Terrazzo LLC & Canyon-Johnson Realty Advisors II LLC	$19,000,000
1105 Oman, 1060 Old Hickory	37027	10/5	Key Investments, Inc.	Bright Hour Trust	$10,550,000
2300 Franklin	37204	10/22	23 Hundred LLC	Horsepower Joint Venture	$5,000,000
1105 Visco	37210	10/19	Epsilon Realty Co., LP	Nl Ventures VI Visco LLC	$5,000,000
405 3rd	37201	10/4	Sobro Hotel Partners LLC	Wang, Ching I. & Min Huang	$4,744,800
2516 Gallatin	37206	10/12	Willowvale Nashville LLC	Villa Capri Of Nashville LLC	$3,558,810
300 Kate	37115	10/5	300 Kate Street Partners LLC	Prince & Martin GP & Prince, Justin	$3,200,000
3510 Central Pike	37076	10/1	2156 Associates Joint Venture	Binkley Family Investments LP & Binkley, Odell Jr.	$3,050,000
1906, 1910 West End	37203	10/18	Cooke Wilson Properties	Loer ,Eva & Young, Patricia R. & Loer, Hans-Ullrich	$2,369,000
5001 Charlotte	37209	10/2	NC&C Properties Group	Buckhead Investments LLC	$2,231,000
710 Murfreesboro	37210	10/29	Speedway LLC	Music City Partners & Bill Pratt LLC & Harris, David A., LLC & Dunker, Dennis, LLC & Patten Properties LLC & Neuhoff Investments LLC & William R. Hostettler, Trust	$1,775,000
207 2Nd	37115	10/25	White Front Garage Partners LLC	Eva G. Block, Trust & Eisenstadt, Arthur G. & Richard I	$1,700,000
4201 Clarksville	37218	10/12	Arc Cvnvltn001 LLC	Kinpin Partnership & King, Julie H.	$1,538,091
537 Main, Yeaman Pl.	37206	10/17	Sixth & Main LLC	5th And Main LLC	$1,125,000
4725, 4729, 4733 Derbyshire, 7340-7342 Cockrill Bend Derbyshire	37013	10/2	JCH Development Co., Inc.	Enfield Properties LLC	$1,092,538
901 Woodland	37206	10/19	McGavock Pike Partners	Bass, Horace C. & Margaret L.	$1,050,000
5246, 5252 Hickory Hollow, 927 Bell Road, 5178 Mt View Hickory Hollow	37013	10/30	Global Mall Partnership & Agarwal, Reita & Rajesh	Hickory Hollow Mall LP & Hickory Hollow Mall, Inc.	$1,000,000
317 B, 319 Fesslers Fesslers	37210	10/9	Coble Partners	Valley Enterprises & Coble, G. William, III	$1,000,000
605, 615, 617 8th	37203	10/19	Arnold Real Properties LLC	Maxwell, Harry, Estate & Magee, Miriam Gay & Maxwell, Stephen M. & Hill, Mary Pamela Maxwell & Caughorn, Darren Maxwell & Caughorn, James Lee, Sr. &Leveille, Eva Marie Maxwell & Maxwell, Harry Herb, Jr.	$921,780
6905, 6907, 6509 Lenox Village	37211	10/26	Peaks, Brett	Lenox Village Properties LLC	$825,000
37 Rutledge	37210	10/9	Husk Nashville LLC	Oshea, Shannon M.	$800,000
1201 Murfreesboro	37217	10/8	Malad Family LP	Krystal Co.	$600,000
1605 17th	37212	10/2	Martin Allbee & Associates LLC	McInnes, William W. & Beverly Waller	$600,000
903 Gleaves	37203	10/18	Making Bacon LLC	Beadle, Corinne S. & Marvin Clark, Estate & Odeneal, Connie B. & Beadle, Bobby C.	$500,000
5307 Cane Ridge	37013	10/10	Pro H2O Auto Wash LLC	Wright, Preston H. & Lynda D.	$425,000
5307 Brick Church	37072	10/23	Root, James L. & Judy A.	Whitson, Sue & Glendenning, Priscilla & Stamper, Gertrude, Estate	$400,000
300 4th	37201	10/9	Woolsey, Eugene E. & Spartex LLC	I-65 Realty Partners LLC	$380,000
4104 Gallatin	37216	10/1	Grisham, Harold L., Jr.	Pittman, Robert L., Jr. & Deborah T.	$362,500
20 Harding Mall	37211	10/8	P&M Investment Co., LLC	Miller, Michael	$357,500
1801 Dickerson	37207	10/12	Patel, Viren & Aarika P.	Trinity Inn Partners & Finholt, Paul M. & Judy & Schubert, Franz & Carol	$355,000
541 Spence	37210	10/22	Piedmont Natural Gas Co., Inc.	McRedmond LLC & Vogel, Mary Pauline & Kade, Ellen & McRedmond, Louis A. & Keller, Edith Stephanie & Nowzaradan, Delores Ann & McRedmond, Theresa F. & Julie Faye	$350,000
3314 Nolensville	37211	10/3	Nourabadi, Alireza Rabiei	Bell Auto Sales, Inc.	$350,000
1212 Otter Creek	37215	10/10	Harwell, Aubrey B., Jr., Trustee	Otter Creek Church Of Christ	$322,500
1518 16th	37212	10/2	Convent Place Partners LLC	Treadway Place LLC	$315,000
1301 2Nd	37208	10/1	Coll, Frank & Rochelle	Community First Bank & Trust	$315,000
1103 Holly	37206	10/11	Dugger, Ashley	Bass, Ralph I. & Juarezetta E.	$295,000
321 Trinity	37207	10/11	Cawthon, John F.	Patton, Howell C., III & Lora	$275,000
307 White Bridge	37209	10/18	Chilando, Michael E.	Duke, David & Kayce	$270,000
2921 Hydes Ferry	37218	10/12	Epandco Real Estate LLC	Hornbuckle, Henrietta S. & Midgett, Ernest Coleman	$235,700
806 Shelby	37206	10/29	Wong, Jimmy Joy Man	Molina, Fausto & Martha	$225,000
3450 Lebanon	37076	10/1	Toloogolzari, Hamid	Renasant Bank	$178,000
333, 337 Swinging Bridge	37138	10/1	Ealey, Gary R. & Michele K.	Cayton, James A.	$155,000
6072 Eatons Creek	37080	10/23	Koumtchev, Alexandre A. & Natalia S.	Cox, Jeanette Cooper, Executrix & Cooper, Cora Shull, Estate	$125,000
4308 Charlotte	37209	10/10	Curry, Peter & Patricia	Son, Byung Sik & Sungho	$117,500
2430 Jefferson	37208	10/12	Bread Of Heaven Ministries	Lindsay, Henry Eugene, Jr.	$115,000
5250 Brick Church	37072	10/10	Williams, Stephen K. & Michele M.	Jordan, Jim D. & Dottie S.	$115,000
4901, 4903 Louisiana	37209	10/23	Griffeth, Ronald H., Jr. & Satterfield, James A.	Seaton, Henry E., III, Trustee	$108,750
814, 816 Greenwood	37206	10/5	Jones, Lasundra & Roscoe	Hampton, Welbert, Trustee & Hayes, Martha, Trustee & Webster Memorial Baptist Church & Lavender, Annie, Trustee	$95,000
4761 Andrew Jackson	37076	10/8	Peymat LLC	McCullough, Chan	$90,000
0 Ashland City Hwy	37015	10/19	Wilkes, Terry E. & Janet & Dozier, Joseph S.	Herston, Kelton D. & Smith James T.	$50,000
2013 Elliott	37138	10/12	Bockman, Jeremy	Cline, Susan H. & Willie	$42,000
1604 21st	37212	10/1	Morse, Catherine Sanders Braden & Braden, Geoffrey B. & Chaffin, Mary Ann & Moody, Elizabeth Foster	Russell, John H., III	$28,000
1430 Stainback	37207	10/12	Clark, Robert	Haley, Pat Arnold	$25,000
1106 Gallatin	37206	10/12	Mosayebi, Zachery R.	Romine, Lonnie E. & Janice D.	$25,000
604 41st	37209	10/15	Sasaan, Saeed	Komisar, David, Trustee & Louis Komisar Living Trust Agreement	$10,000

Williamson County

Address	Zip	Date	Buyers	Sellers	Sale Price
9009 Carothers	37067	10/2	LCFRE Nashville Carothers L P	Carothers Office Acquisition LLC	$96,100,000
105 Continental	37027	10/5	Bright Hour Trust	Key Investments, Inc.	$10,550,000
1349 Moran	37069	10/19	Graymar Investors Partnership	Taylor, Dean Gates	$1,875,000
1306, 1308 Murfreesboro	37064	10/25	KBW Investments	Highway 96 East Restaurant Partners & Spiva, George N.	$1,613,317
Del Rio	37064	10/24	Goodall Builders, Inc.	Voss, John H. & Ronald L., III	$1,486,408
617 Bradley	37067	10/4	Kim, Jin H. & Sim, Jeon	MMH Family Limited Partnership & Taylor, Carl	$1,140,000
320 Southgate	37027	10/16	360 LLC	Shand ,Beverly N. & John G.	$1,100,000
2000 Shadow Green	37064	10/4	Real Estate Solutions Group LLC	Fields, Geoffrey W. & Mary Alice	$825,000
1124 Harpeth Ind	37064	10/18	Johnston, R. Harvey, III (Tr)	Watkins, John G.	$740,000
200 Watson View	37067	10/10	Henderson, Glen & Janee Rebecca	Knoble, Priscilla J.	$715,000
390 Southwinds	37064	10/30	Southeast Financial Credit Union	Uselton, Janelle M. & Richard W.	$625,000
101 Southeast Parkway	37064	10/9	Bios Real Estate Company LLC	Suntrust Bank	$465,000
208 Century	37064	10/19	Construction Ventures Corporation	Gaidos, Bradley J. & Debbie B.	$410,000
0 Wilson Pk	37067	10/4	Antonini, Mark A. & Niki S.	Whitmer, Marilyn Elaine Fly	$407,310
9306 Exton	37027	10/15	Garfield, Cynthia H. & Gary A.	Szczarkowska, Jolanta & Wlodzimierz	$390,000
8730 Webb	37060	10/9	Allen, James D. & Jo Ena	Petty, Thomas E. & Spain, Bobbie Faye	$380,000
308 Century	37064	10/15	Jaramillo, Onesimo	Wilhoite, Murray O., Sr.	$340,000
256 Seaboard	37067	10/30	Vincent Law Group PC	Basel, O. Alvin, III	$265,000
7120 Crossroads	37027	10/4	Aspen Grove Real Estate Partners LLC	Roundstone Properties LLC	$235,000
1607 Carters Creek	37064	10/26	RBF Investments LLC	Bentley, George Ray & Jean Margaret	$189,500
0 Caney Fork	37062	10/9	Prince, Alex & Thompson, Gary Steven	Faulkner Decedents Trust & Faulkner Survivors Trust & Sizemore, Judith A., (Suc Tr) & Trimble, Rosemary L., (Suc Tr)	$127,600
205 Newport Cove	37179	10/16	McBroom, Nathan	McBroom, Joy & Randy	$106,900
2967 Spanntown	37014	10/25	Zaccarelli, Frank & Rhonda	Neely, Grace Lynn	$75,000
242 5th	37064	10/23	State of Tennessee	Porter, Sherri E. & William W., Jr.	$4,704

Rutherford County

Address	Zip	Date	Buyers	Sellers	Sale Price
3041, 3045 Memorial	37129	10/16	Family Worship Center	Victory Christian Center Of Murfreesboro, Inc.	$3,300,000
702 Jessica, 461 Waldron	37086	10/22	BGS America LLC	Ferrell, Emmitt R. & Nancy B. & Waldron, Joyce & Roy L.	$3,000,000
1503 Sulphur Springs	37129	10/16	Victory Christian Center Of Murfreesboro, Inc.	Family Worship Center & First Assembly Of God	$1,200,000
1626-1636 Middle Tennessee	37130	10/26	Alpha Opportunity Fund I LLC	Plaza South 170 LLC	$892,500
131 Jones	37086	10/5	Connelly And Connelly LLC	JKW LLC	$818,000
1805 Old Fort	37129	10/1	Southbay Properties LLC	Firstbank	$775,000
Compton	37128	10/2	New South Developers LLC	Adams And Parks Investments & Adams, Mel & Parks, Bob	$756,629
4326 Veterans	37128	10/16	Victory Christian Center Of Murfreesboro, Inc.	Family Worship Center & First Assembly Of God	$550,000
2664 Church	37127	10/2	Cumberland Express LLC	Reliant Bank	$435,000
5160 Ferrell Hollow	37149	10/16	Mannino, Amanda F.	Houk, Amy L. & Chris A. & Gary & Savannah E.	$305,000
5524 Broad	37129	10/23	Agnihotri, Pradeep & Ranjna	Robinson, Bonita Lynn & Brenda Gail & Herman J. & Timmy L.	$300,000
632-634-636 Main St.	37130	10/4	Ford, Barbara	Lindlau, Carol J.	$295,000
246 Old Nashville Hwy	37086	10/12	Lavergne Fire Department, Inc.	Lavergne Church Of Christ	$250,000
4034 Fosterville	37020	10/17	Nichols, Jeremy & Mylinda	Adams, Reba & William & Brown, L. C. & Sharon	$246,000
1001 Sam Davis	37167	10/24	Tomlin, Tim L.	Crawford, Dawn R. & John A.	$239,800
1236 Rock Springs Midland	37167	10/23	New South Developers LLC	Broad Street Two LLC	$210,000
829 Creek Oak	37128	10/12	AH4R I TN LLC	Centex Real Estate Corporation	$196,000
5450 Browns Mill	37085	10/23	Vick, Jonathan Allen & Penny	Anderson, Thomas N.	$172,000
3801 Cranor	37130	10/1	Hicks, Jeremy L. & Scott, Misty L.	McGriff, Deborah J. & Gary W.	$155,000
2996 Allen Barrett	37129	10/4	Hollingshead, Melissa A. & Michael A.	Rickard, Lana L.	$150,000
0 Beesley	37128	10/19	Alexander, Derek	Graham, Timothy	$137,500
5450 Browns Mill	37085	10/22	Burnett, Melissa & Steve	Anderson, Thomas N.	$120,384
5450 Browns Mill	37085	10/24	Kilburn, Edward L., Jr.	Anderson, Thomas N.	$101,080
626 Messick	37130	10/19	Chamberlain, Fredra Limbo	Fite, Larry W. & Lorraine Dill	$93,500
154 Woody Thomas	37086	10/4	Cothron, Amanda L.	Bridges, Rikki M. & Roberts, Rikki M.	$79,900
0 Joyner	37167	10/1	Mission Church Of Christ, The	Craig, Leon	$70,000
Murray Kittrell	37149	10/8	Dowdy, Debbrah S. & Dennis C.	Young, Alisha A. & William R.	$57,500
3808 Woodbury	37127	10/2	Pack, George D. & Pamela S.	McElyea, Margaret & Michael	$57,000
2025 Factory	37130	10/25	Alzabet, Nasser F.	Bugg, Brad & Vaught, Phillip	$50,000
Lazarus	37130	10/19	Michaels Homes LLC	Foxworth Properties LLC	$50,000
6551 Halls Hill	37130	10/30	Adams, Robert H., Jr.	Butts, Kenneth	$47,300
Old Nashville Hwy	37122	10/22	Patel, Mitesh V.	Republic Bank & Trust Company & Tennessee Commerce Bank	$45,500
1579 Saddle	37130	10/1	Young ,Dorris C. & Karen	Tarkington, Jennifer J. & Raymond Edward, Jr.	$40,000
0 Scruggs Hollow	37153	10/15	Moret, Kathy B. & Peter D.	Steagall, Thomas R.	$34,000
702 Rock Springs	37167	10/30	Odom, Neal R.	Odom, Eugene W., Estate & Odom, Frances	$30,000
323 Old Nashville	37086	10/29	Varela, Maria	Reynolds, Clayton Rayford & Delilah M.	$28,500
Twelve Corners	37085	10/11	Beasley, Michael A. & Tina M.	Community First Bank & Trust	$14,000
10136 Spanntown	37014	10/4	Borgeson, Lena & Ellis, Steven	Duncan, Bertha T. & Larry J.	$10,000

Sumner County

Address	Zip	Date	Buyers	Sellers	Sale Price
214 Kirby	37148	10/4	Bennett Commercial LLC	L & W Properties G.P.	$2,200,000
101 Jessica Lauren	37075	10/4	Rhoten, David E.	Stokes, M. R.	$1,100,000
35 Executive Park	37075	10/2	Volunteer South, Inc.	Imperial Properties Corp.	$617,848
1030 Avondale	37075	10/1	Freeman-Dixon Family Limited Partnership	HP Avondale, Inc.	$450,000
158 Shadowhaven	37075	10/17	Perry, Julie A.	Summit Investments LLC	$276,199
105 Flex	37148	10/9	Nichols, Rachel A. & Steven E.	Volunteer Recycling & Salvage, Inc.	$235,000
156 Aplin Branch	37048	10/19	Levering, Dennis E.	Christopher K. Levering, Living Trust & Levering, Dennis E., Tr.	$214,620
225 Harris	37022	10/19	Threadgill, Jessica Dawn & Nicholaus	Matthews, Bennie H. & Bette Cheryl	$200,000
103 Bennington	37075	10/30	Walker, Mona J. & Kenneth J.	Pinnacle Development Co., Inc.	$177,422
200 Sanders Ferry	37075	10/24	Brown, Peggy E. & Eldridge, Judy M.	Boone, Barbara J. & Irmgard K. Waters, Irrevocable Trust Agreement	$123,000
131 Mockingbird Hill	37075	10/9	Underwood, Benjamin G., Jr.	Hannah, Carl Edward & Dianne	$115,000
255 Harris	37022	10/12	Holder, Priscilla H.	Matthews, Benny H.	$100,000
115 Mid Town	37075	10/22	Hurdt, Cheryl E. & David R.	O'Neal, Glynda Sue	$100,000
916 Highway 109N	37148	10/1	Hodges, James G. & Turner, Montgomery G., Sr.	SRHS Bankruptcy, Inc.	$90,000
123 Shivel	37075	10/18	Vintage Properties, Inc.	Allen, Sheryl L. & Keltner, Stacey K.	$80,000
150 Water	37066	10/4	Hooper, Christy & William	Boling, Kari L. & Hamby, Doris J., Estate & Hamby, Keith Gordon	$70,000
148 Brush Hill	37066	10/26	Larizadeh, Rosbeh	Nationstar Mortgage LLC	$68,775
600 Saundersville	37075	10/12	E. Phillips Development LLC	BT&T Investments LLC	$65,000
830 Water	37066	10/12	Helson, Robert C. & Hurst, Danny	O'Rear, Vicky & Vaughns Monument Works, Inc. & Vaughn, David	$35,000
0 Briley	37148	10/1	Carr, Charles & Kathleen M.	McGuffie, Ennis & Evelyn	$12,000
0 52 Hwy	37148	10/10	Dillard, Carrie M. & Thomas W.	Alden, Franklin H. & John Dale, Jr. & Crosslin, Elizabeth A.	$8,000

Wilson County

Address	Zip	Date	Buyers	Sellers	Sale Price
325 Pleasant Grove	37122	10/22	Glass Creek Village LLC	Lands End LLC	$3,060,000
325 Pleasant Grove	37122	10/22	Lands End LLC	Kuhlo, Ernest C. & Patricia O.	$2,100,000
488 Bettis	37090	10/30	Throneberry, James D., Sr. & Vicki W.	Brookshire Properties LLC & Knox, Steven M., Member & Throneberry, James D., Member	$1,400,000
3435 Hickory Ridge	37087	10/26	LPP Mortgage Ltd	Glut, Timothy A., Suc Trustee & Halo Properties LLC	$1,000,000
0 Speck	37087	10/16	Chambers, Donald G. & Linda R.	McCall, Henry C., Jr., Deputy Trustee & Raplee, Anne Murphy, Living Trust	$762,413
0 Tater Peeler	37087	10/25	Cantrell, Sandra & Eatherly, J. D. & Steve, Suc Trustee & J.D. Rivergate Land Trust	Cumberland Center PH 1 & Eatherly, J.D., Partner	$520,000
837, 875, 887, 943, 1153, 1209 Woodall, 416, 417, 418, 419, 420, 421, 422, 423, Deer Meadow, 703 Cottoncloud Woodall	37090	10/26	K W Group LLC	Brookshire Properties LLC & Knox, Steven M., Member & Throneberry, James D., Member	$469,000
7435 Lebanon	37122	10/1	Smith, Dennis H. & Edna K.	Orick, Sherry Maxwell & Wesley	$335,000
13565 Central	37122	10/29	Johnson, Elizabeth E. & Harold L.	Russell, Mark A. & Melanie R.	$296,500
0 Dickerson Chapel	37087	10/31	Accelerated Christian Education, Inc.	Fisher, Mary E.	$295,000
0 Big Springs	37090	10/22	Finley, Steven Brent, Trustee	Neal, Ken, Revocable Trust & Neal, Kenneth Johnson,Trustee	$225,000
6523 Beckwith	37122	10/17	Early, Kevin	Welshans, M. Jill & Wilson	$208,000
0 Zachary	37090	10/23	Barnett, Claire Elizabeth & Jeffrey Scott	Pauly, William, Jr.	$205,000
0 Armsrong	37090	10/11	Dalby, Wendi & Lowery, Jack D. & Kathy	Richardson, Suzanne O., Trustee & Richardson, Suzanne Owen, Revocable Trust	$180,000
0 Armsrong	37090	10/5	Bumbalough, Sandy	Bass, Jean Martin, Revocable Living Trust & Woodroof, Debbie, Suc Trustee	$174,900
0 S. Maple St.	37087	10/2	Beadle, Bob & Lynn	Harris, Jerry Kenneth & Sammie L. & K & S Marble, Inc.	$170,000
0 Armstrong	37090	10/15	Watts, Aaron Cleo & Michael Aaron	Dugdale, Jonathan G.	$163,000
122 Castlewood	37087	10/31	Lanius, James M. & Janis M.	Ham, Bill & Cherie	$135,000
0 Big Springs	37087	10/9	Shaffer, James R. & Jane R.	Neal, Ken 2008 Revocable Trust & Neal, Kenneth Johnson, Trustee	$135,000
3220 Beech Log	37184	10/22	Baldwin, Lita Kerr & Sidney Douglas	Carter, Richard W. & Teresa F. Patton	$90,000
1975 Mt Juliet	37122	10/25	Tim Tomlinson Homes, Inc.	Bell, Jack W. & Brown, Mark T.	$90,000
0 Rock Springs	37184	10/16	Armstrong, Jack & Jennifer L.	Price, Daryl & Jennifer	$84,000
0 Curd	37122	10/22	Wright Farms LLC	Earheart, Robert E., Jr., Member & Tenn Tex Development LLC	$80,000
307 Chandler	37122	10/3	Flemming, Delaina J. & Kevin J.	Frank Baston Homes, Inc.	$80,000
Oregon Rd	37085	10/22	Gilley, Edmund & Laura	Brewer, Carol Dean Coaker & Coaker, George Mack	$77,500
0 High	37087	10/22	Watkins, Brittany	CRM Central Properties LLC & CRM Properties Manager LLC, Member	$50,000
0 Carthage Hwy	37087	10/24	Jones, Wilson	Bane, Dewey C.	$40,000
0 Smith Hollow	37184	10/18	Werth, Dianne & Gary	Lambert, Douglas	$35,000
102 College	37087	10/12	Booth, Cathy	Thornton, Brown D. & Kimberly B.	$21,000
1913 Clever Creek	37184	10/22	Blake, Ben D. & Suzanne W.	Washnock, D. Anthony & Mary Beth	$20,000