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Description of the Article


SOLD – ± 1,418 S.F. RETAIL BUILDING, MONTGOMERY, AL. SEPTEMBER 27, 2021

John Stanley, CCIM has represented Robby and Rhonda Wilbanks in the purchase of property located at 64 Bell Road in Montgomery, AL.  The property consists of a ± 15,500 S.F. lot with a ± 1,418 S.F. retail building. The sales price was $250,000.00.


LEASED – ± 6,021 S.F. OFFICE SPACE, MONTGOMERY, AL. SEPTEMBER 15, 2021

John Stanley, CCIM has represented East Boulevard Investments, LLC in leasing ± 6,021 S.F. of office space located at 2641 East Boulevard in Montgomery, AL.  The tenant is T.E.A. Christian Academy, Inc.  The terms of the lease are undisclosed. 


SOLD – ± 54,000 S.F. OFFICE/WAREHOUSE BUILDING, MONTGOMERY, AL. SEPTEMBER 1, 2021

John Stanley, CCIM has represented Capitol Container, Inc. in the purchase of an office/warehouse property located on 5.48 acres at 6020 Monticello Drive in Montgomery, AL.  The primary building consists of ± 5,250 S.F. of improved office area, and ± 36,250 S.F. of warehouse area with loading docks.  A secondary building consists of ± 12,500 S.F. of warehouse area.  The sales price was $1,675,000.00 ($31.00/S.F.).


SOLD – TWO (2) OUTPARCELS, PIKE ROAD, AL. AUGUST 19, 2021

Mark Dauber has represented TVM Investment Properties, LLC in the sale of two (2) outparcels located at THE SHOPS AT PIKE ROAD in Pike Road, Alabama.  Lot 2 consists of ± 40,840 S.F. and sold for $653,440 ($16.00/S.F.).  Lot 3 consists of ± 44,994 S.F. and sold for $719,904 ($16.00/S.F.).  The Buyer of both lots was San Marcos Mexican Restaurant- Pike Road, Inc.


SOLD – ± 10.03 ACRES, MONTGOMERY, AL. AUGUST 13, 2021

John Stanley, CCIM has represented Cotton Field Place, LLC and A.J. McLemore Development Properties, LLC in the sale of a ± 10.03 acre multifamily property, zoned R-65-M, located on Halcyon Pointe Drive in Montgomery, AL.  The Buyer was Montgomery Senior Housing, LLLP.  The property will be developed in two (2) phases as the Willow Oak Trace Apartments for Seniors.  The sales price was $772,947.76 ($77,063.59/AC.).