Description of the Article
John Stanley, CCIM has represented The Alabama Workers Compensation Self Insurance Fund in the sale of a 12,088 S.F. office building located at 4217 Lomac Street. The Buyer is Alabama State Employees Credit Union (ASECU) which will use the property as its headquarters, administration office and data center. The sales price was $900,000.00 ($74.45/S.F.).
John Stanley, CCIM has represented Kaiya 003, LLC in the purchase of the former Ruby Tuesday property located at 789 Business Park Dr., Prattville, AL. The building is 3,491 S.F. and the lot is 1.26 acres. The Buyer plans to remodel the building for use as another national chain restaurant. The Seller was Ruby Tuesday, Inc. The sales price was $825,000.00 ($236.32/S.F.).
Lee Meriwether, CCIM recently completed the sale of a ± 1,794 S.F. office building located at 611 S. Lawrence Street, Montgomery, Alabama 36104. The property was zoned T-4- R (smart code). The Seller was Jeffrey K. Eng and the Buyer was Terrence Joseph Willis. The sales price was $70,000.00.
John Stanley, CCIM has represented the Ida Belle Young Revocable Trust in the sale of ± 9.72 acre parcel of land located at 4525 Vaughn Road, Montgomery, AL. The Buyer is Clarence M. Ball, Jr. The sales price was $360,000.00 ($37,030/AC.).
Lee Meriwether, CCIM completed the sale of a multi-tenant office/warehouse building located at 882, 884 and 886 Plantation Way in Montgomery, Alabama. The building size was ± 20,504 S.F.; the lot size was ± 1.34 acres and zoned M-1. The Seller was Regions Bank and the Buyer was Capital Real Estate Holdings, LLC. The sales price was $450,000.00 ($21.93 S.F.).