John Stanley, CCIM has represented the Dan Broughton Family Partnership in the sale of a 31,278 S.F. commercial lot located on Vaughn Road, adjacent to CVS. The Buyer was Dr. Lewis T. Benefield who plans to develop the property as a vet clinic. The sales price was $281,500 ($9.00/S.F.).
John Stanley, CCIM has represented PriMed Physicians, Inc. in leasing 6,800 S.F. of space located at Chantilly Corners, Eastchase Parkway, Montgomery, AL. The space will be remodeled as an Urgent Care Facility to be opened and operational in May, 2014. The terms of the lease are undisclosed.
Mark Dauber has represented F&A Realty Montgomery, Ltd. in the sale of the Bell Building located at 201 Montgomery St. in downtown Montgomery, AL. The building consists of approximately 120,000 S.F. of office space. The Buyer plans to renovate the property as a residential development. The Buyer was MAL, LP and the sales price was $3,125,000.
John Stanley, CCIM has represented Cadles Butler Plaza, LLC in the sale of a 90,342 S.F. Shopping Center located on Al. Hwy 245 Bypass, Greenville, AL. The Buyer was Chen's First Property, LLC. The sales price was $1,550,000 at a 12.6 cap rate.
John Stanley, CCIM has represented AmeriFirst Bank in the sale of two (2) parcels of land totaling 30.06 acres located on Chapel Road and Gossom Switch Road, Wetumpka, AL. Both parcels are adjacent to the existing Chapel Lakes Apartments and both are zoned R-4 (multi-family). The Buyer is Chapel Lakes Two, LLC. The sales price was $600,000 ($19,953/Ac.)