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.

Lee Meriwether, CCIM recently represented Fred and Todd Henderson in the sale of a vacant lot located at 3630 Malcolm Drive in Montgomery, Alabama.  The lot is ± 56,191 square feet, zoned B-3, and sold for $100,000.00 ($1.78/S.F.). 

Lee Meriwether, CCIM recently represented Avadian Credit Union on the sale of a ± 14,050 S.F. office / warehouse building located at 5506 Wares Ferry Road in Montgomery, Alabama.  The property is zoned B-3 and contains ± 1.29 Acres of land. The Buyer was Custom Cabinet Renovations.  The sales price was $350,000.00 ($24.91/S.F.).