Description of the Article
John Stanley, CCIM has represented Church of The Highlands in its purchase of ± 25.7 acres on Taylor Road for its future Montgomery campus. The Seller was Alfa Properties, Inc. The sales price was $3,000,000.00 ($116,650/Ac.).
Lee Meriwether, CCIM recently represented Boothe and Wright Heating and Air Conditioning, LLC in the purchase of a ± 6,790 S.F. warehouse building located on ± 1 Acre of land at 5350 Perimeter Parkway Court. The property is zoned M-1 and the sales price was $205,000.00.
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).