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Description of the Article


SOLD – 4084 U.S. HIGHWAY 231, WETUMPKA, AL – JUNE 23, 2016

Lee Meriwether, CCIM recently represented CAHETI-2 Tire, LLC in the sale of a ± 5,238 S.F. automotive building located at 4084 U.S. Highway 231, Wetumpka, AL. The building had 7 service bays, the lot size was ± 31,775 S.F. and the property was zoned B-2. The Buyer was Overton Properties, LLC and the sales price was $425,000.00 or $81.14/S.F.

SOLD – 638 OLIVER ROAD, MONTGOMERY, AL – JUNE 22, 2016

Lee Meriwether, CCIM recently represented Alliance Properties, LLC in the sale of a ± 5,991 S.F. Office/Warehouse building located at 638 Oliver Road, Montgomery, AL. 36117.  The Buyer was the Burton Mac, Inc.  The property was Zoned M-1 and the sales price was $245,000.00.

SOLD – 4447-4453 ATLANTA HWY., MONTGOMERY, AL – JUNE 20, 2016

Lee Meriwether, CCIM recently represented Denson and Janet Sexton in the sale of 4447-4453 Atlanta Highway, Montgomery, AL. 36109.  The property consists of a ± 20,150 S.F. building located on ± 1.6 acres of land.  ± 17,150 S.F. of the building was occupied by the Owner, who is relocating, and ± 3,000 S.F. was occupied by 2 tenants.  The property was zoned B-2 and the sales price was $825,000.00.  The Buyer was the Southern District Church Extension Fund, Inc.

SOLD – EAST BOULEVARD PROPERTY, MONTGOMERY, AL – JUNE 8, 2016

John Stanley, CCIM has represented Pavilion Investment Company, LLC in the sale of the property located at 405 East Boulevard, Montgomery, AL. The property consists of a 39,864 S.F. car dealership building on ± 7.39 acres. The name of the Buyer is undisclosed. The sales price was $1,150,000.00.

LEASED – ± 10,663 S.F. OFFICE SPACE, MONTGOMERY, AL – MAY 26, 2016

Nim Frazer, SIOR has represented Haber Properties, LLC in leasing ± 10,663 S.F. of office space located at 2743-B Gunter Park Dr., Montgomery, AL.  The Lessee is TTL, Inc.  The terms of the lease are undisclosed.