John Stanley, CCIM has represented Flatiron Farms, LLC in the purchase of ± 56.89 acres, with an existing house, located at 3620 Marler Road, Pike Road, Alabama. The Sellers were Ray and Jeanie Shaw. The sales price was $800,000.00 ($14,062.22/AC.).
John Stanley, CCIM has represented the Alabama Home Builders Self Insurers Fund in the leasing of ± 5,235 S.F. of Class “A” office space located at Halcyon Pointe I, 7515 Halcyon Summit Dr., Montgomery, AL. The tenant is Volkert, Inc. The terms of the lease are undisclosed.
John Stanley, CCIM has represented Schilleci Distribution Property, LLC in the sale of a 4,167 S.F. restaurant property located at 5471 Atlanta Highway, Montgomery, AL. The Buyer was Georgiana Convenience, LLC. The tenant is El Jalisco Mexican Restaurant. The sales price was $625,000.00 ($150.00/S.F.) representing an 8.6% cap rate.