John Stanley, CCIM has represented Jackson Hospital & Clinic, LLC in its purchase of the former Metro Fitness property located at 7150 Halcyon Park Drive, Montgomery, AL.  The property consists of a ± 17,588 S.F. fitness center on ± 2.18 acres.  The Buyer plans to refurbish and reopen the property as a fitness and wellness facility in summer of 2021.  The Seller was Garzon Properties, LLC.  The sales price for the property was $2,050,000.00 ($116.55/S.F.).

John Stanley, CCIM has represented 2.42 Church, Inc. in the purchase of property located at 415 Perry Hill Road in Montgomery, Alabama.  The property consists of an existing ± 3,520 S.F. church located on ± 1.47 acres.  The Seller was Welch College.  The sales price was $225,000.00 ($63.92/S.F.).

John Stanley, CCIM has represented Watson & Schendell Properties, LLC in the sale of a      ± 4,330 S.F. office building located at 6765 – 6767 Taylor Circle, Montgomery, Alabama.  The Buyer was Georgiana Convenience, LLC.  The cap rate was 9.1%.  The sales price was $380,000.00 ($87.76/S.F.).

Lee Meriwether, CCIM recently represented Grantham Land Company, LLC in the purchase of ± 19.38 acres of land along EastChase Lane in Montgomery, Alabama.  The property was zoned PUD at the time of the sale and will be developed as a gated upper end residential neighborhood.  The sales price was $667,120.00 or $34,423.00 per acre.