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Description of the Article


SOLD – FORMER BRANCH BANK, MONTGOMERY, AL., JUNE 13, 2019

John Stanley, CCIM and Nim Frazer, SIOR have represented CB&S Bank in the sale of a former branch bank property located at 3080 McGehee Road.  The property consists of a ± 3,601 S.F. building located on a ± 32,204 S.F. lot.  The Buyer is Massey Properties, LLC.  The property will be renovated as a Jim Massey Cleaners facility.  The sales price was $175,000.00. 

SOLD – BB&T BRANCH, TALLASSEE, AL., JUNE 5, 2019

John Stanley, CCIM has represented BB&T in the sale of a former branch bank facility located at 1415 Gilmer Avenue, Tallassee, AL.  The building is ± 2,722 S.F. located on a ± 1.27 acre lot.  The Buyer was MAX Credit Union.  The sales price was $295,000.00. 


LEASED – OFFICE SPACE, MONTGOMERY, AL. MAY 28, 2019

John C. Stanley, CCIM has represented Watson & Schendell Properties, LLC in leasing     ± 2,225 S.F. of office space located at 6767 Taylor Circle, Montgomery, AL.  The tenant is Gardenia Cove Mental Health, PC.  The terms of the lease are undisclosed.


SOLD – ± 2.07 ACRES 4815 BIRMINGHAM HWY., MONTGOMERY, AL., MAY 17, 2019

Nim Frazer, SIOR has completed the sale of ±2.07 acres of land at 4815 Birmingham, Highway, Montgomery, AL.  The property is an undeveloped lot with no improvements.  The sales price was $45,000.00.  The property will be used for a new business expansion opportunity by the adjacent property owner.  The property is zoned M-3.


SOLD – ± 20 AC. VAUGHN ROAD, PIKE ROAD, AL. MARCH 27, 2019

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.