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Description of the Article


SOLD – 544 CAHABA ROAD, GREENVILLE, AL., FEBRUARY 28, 2019

Nim Frazer, SIOR has represented BB&T in the sale of a ± 22,975 S.F. building located on ± 3.5 acres at 544 Cahaba Road, in Greenville, AL.  The Buyer was Life Line Church, Inc.  The sales price was $400,000.00.


SOLD - OFFICE BUILDING, MONTGOMERY, AL. FEBRUARY 28, 2019

John Stanley, CCIM has represented Watson & Schendell Properties, LLC in the sale of a     ± 4,178 S.F. office building located at 8325 - 8329 Crossland Loop in Montgomery, Alabama.  The Buyer was Dirt Road Dreamhouse, LLC.  The sales price was $395,000.00 ($94.54/S.F.) representing an 8.25 cap rate. 



SOLD – RETAIL PROPERTY, MONTGOMERY, AL., FEBRUARY 28, 2019

John Stanley, CCIM has represented N & S Property, LLC in the sale of 38 Hunter Lane.  The property consists of a 6,658 S.F. building which is leased to PPG Architectural Finishes, Inc. The Buyer is World Capital Realty, LLC.  The sales price was $300,000.00 ($45.06/S.F.).


SOLD – RETAIL PROPERTY, ELMORE COUNTY, AL., FEBRUARY 25, 2019

Mark Dauber has represented Redland Grocery, LLC in the purchase of a ± 3.0 acre parcel of land located in Elmore County, Alabama at the intersection of Firetower Road and Redland Road.  The Property will be developed as a food store and gas station facility.   The sales price was $300,564.00 ($2.30/S.F.).


SOLD –BOJANGLES RESTAURANT, MONTGOMERY, AL., FEBRUARY 14, 2019

John Stanley, CCIM has represented 9066 Eastchase, LLC in the purchase of an existing Bojangles restaurant located at 9066 Eastchase Parkway.  The property consists of a ± 3,886 S.F. restaurant on a ± 45,944 S.F. lot.   The sales price for the fully equipped restaurant was $1,650,000.00.