Description of the Article
John Stanley, CCIM and Lee Meriwether, CCIM have represented CSB Alabama CRE Holdings, LLC in the sale of an operating self-service car wash facility (Tidal Wave Car Wash) located at 1850 Alabama Hwy. 14, Prattville, AL. The name of the Buyer is undisclosed. The sales price was $375,000.00.
Lee Meriwether, CCIM represented Premier Holdings, LLC in a long term ground lease located on the Atlanta Highway in a development called Perry Hill Crossing that is currently under development. The site will be developed as a Burger King restaurant. The terms of the lease are undisclosed.
John Stanley, CCIM has represented FP-VG1, LLC and FP-VG2, LLC in the sale of the Village Green Apartments located at 101 So. Burbank Dr., Montgomery, AL. The property consists of 337 multi-family units on 27.25 acres of land. The Seller was Village Green, LLC. The sales price was $11,275,000.00 ($33,450/unit).
Lee Meriwether, CCIM has represented Premier Holdings, LLC in the purchase of an outparcel fronting Taylor Road. The outparcel is a part of the Publix anchored shopping center called Cornerstone. The site was ± 1.54 acres and sold for $805,000.00 ($12.00/S.F). The site will be developed as a new Burger King restaurant.
Lee Meriwether, CCIM has represented SNS – Montgomery Real Estate, LLC in the sale of a ± 45,000 S.F. retail furniture store located at 2001 East Boulevard, Montgomery, Alabama. The Buyer was Royal Trading, Inc. The sales price was $790,000.00 ($17.56/S.F.).