Nim Frazer, SIOR has completed the sale of ± 20 acres of land off Vaughn Road, in Pike Road, AL.  This 20 acres is located at the rear of a 113.9 acre tract fronting Vaughn Road.  The sales price was $260,000.00.  The property will be used for pasture by an adjacent land owner and is zoned for agriculture use.

John Stanley, CCIM has represented BB&T in the sale of a former branch bank facility located at 9120 Eastchase Parkway.  The building is ± 3,576 S.F. located on a ± 39,640 S.F. lot.  The Buyer was Auburn University Federal Credit Union.  The sales price was $800,000.00. 

Lee Meriwether, CCIM recently represented Burks Enterprises, LLC in a long-term lease agreement for a property located at 715 Madison Avenue in Montgomery, Alabama. The tenant is Scott’s Auto and Tire Service.  They are based out of Millbrook, Alabama and this is their first Montgomery location.  The terms of the lease are undisclosed.

Lee Meriwether, CCIM recently completed the sale of a commercial lot on Alabama Hwy. 14 in Millbrook, Alabama.  The sales price was $500,000.00.  The lot will be developed as a Popeye’s restaurant.

Nim Frazer, SIOR has represented Rebecca Vaughn and Elizabeth Calhoun in the sale of ± 30.05 acres located on U.S. Hwy 80 West, across from Dannelly Field, in Montgomery, AL.  The property is zoned M-1 and was sold to KOAM, LLC.  The sales price was $270,000.00.