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Description of the Article


SOLD – 36 TOWNHOME LOTS, MONTGOMERY, AL.– SEPTEMBER 23, 2016

John C. Stanley, CCIM has represented Synovus Bank in the sale of 36 townhome lots in the Lockwood Subdivision, Narrow Lane Road, Montgomery, AL.  The Buyer was Davis Land Holdings, LLC.  The sales price was $185,000.00 ($5,140 / Lot).

SOLD – ± 39,125 S.F. LOT, BOYD COOPER PARKWAY, MONTGOMERY, AL. – SEPTEMBER 19, 2016

John C. Stanley, CCIM has represented Boyd Investments, LLC in the sale of a ± 39,125 S.F. lot located on Boyd Cooper Parkway, Montgomery, AL.  The Buyer is E B Properties, LLC.  The sales price was $285,000.00 ($7.28 / S.F.).



LEASED - ± 2,200 S.F. – RETAIL SPACE, MONTGOMERY, AL – AUGUST 26, 2016

John Stanley, CCIM has represented Schilleci Eastchase, LLC in leasing ± 2,200 S.F. at 3251 Malcolm Drive to The Athena Group, LLC (dba:  Huntington Learning Centers).  The terms of the lease are undisclosed.



SOLD – DOLLAR GENERAL, MONTGOMERY, AL. – AUGUST 17, 2016

John C. Stanley, CCIM has represented Big Sky, LLC in the sale of a new Dollar General retail facility located at 8990 Atlanta Highway, Montgomery, AL.  The ± 9,100 S.F. investment property sold for $1,590,000.00 representing a 6.37 cap rate.

SOLD – 4084 U.S. HIGHWAY 231, WETUMPKA, AL – JUNE 23, 2016

Lee Meriwether, CCIM recently represented CAHETI-2 Tire, LLC in the sale of a ± 5,238 S.F. automotive building located at 4084 U.S. Highway 231, Wetumpka, AL. The building had 7 service bays, the lot size was ± 31,775 S.F. and the property was zoned B-2. The Buyer was Overton Properties, LLC and the sales price was $425,000.00 or $81.14/S.F.