Description of the Article
Mark Dauber, Associate Broker, is pleased to announce the listing and subsequent sale of approximately 38.7 acres of agricultural land on Felder Road. The Seller was Mills Thornton and Priscilla Condon and the Buyer is Ed Frazier. The sales price was $100,000.00 ($2,585/AC.).
John Stanley, CCIM has represented Trinity Hotels, LLC in the sale of the 101 room Candlewood Suites located at 9151 Boyd Cooper Parkway. The name of the Buyer is undisclosed. The sales price was $7,100,000.00 ($70,300/room).
John Stanley, CCIM has represented Boyd Enterprises, LLC in the sale of the 106 room Holiday Inn Express located at 9250 Boyd Cooper Parkway. The name of the Buyer is undisclosed. The sales price was $10,000,000.00 ($94,340/room).
John Stanley, CCIM has represented The Alabama Workers Compensation Self Insurance Fund in the sale of a 12,088 S.F. office building located at 4217 Lomac Street. The Buyer is Alabama State Employees Credit Union (ASECU) which will use the property as its headquarters, administration office and data center. The sales price was $900,000.00 ($74.45/S.F.).
John Stanley, CCIM has represented Kaiya 003, LLC in the purchase of the former Ruby Tuesday property located at 789 Business Park Dr., Prattville, AL. The building is 3,491 S.F. and the lot is 1.26 acres. The Buyer plans to remodel the building for use as another national chain restaurant. The Seller was Ruby Tuesday, Inc. The sales price was $825,000.00 ($236.32/S.F.).