Description of the Article
Lee Meriwether, CCIM recently completed the sale of a ± 1,794 S.F. office building located at 611 S. Lawrence Street, Montgomery, Alabama 36104. The property was zoned T-4- R (smart code). The Seller was Jeffrey K. Eng and the Buyer was Terrence Joseph Willis. The sales price was $70,000.00.
John Stanley, CCIM has represented the Ida Belle Young Revocable Trust in the sale of ± 9.72 acre parcel of land located at 4525 Vaughn Road, Montgomery, AL. The Buyer is Clarence M. Ball, Jr. The sales price was $360,000.00 ($37,030/AC.).
Lee Meriwether, CCIM completed the sale of a multi-tenant office/warehouse building located at 882, 884 and 886 Plantation Way in Montgomery, Alabama. The building size was ± 20,504 S.F.; the lot size was ± 1.34 acres and zoned M-1. The Seller was Regions Bank and the Buyer was Capital Real Estate Holdings, LLC. The sales price was $450,000.00 ($21.93 S.F.).
Lee Meriwether, CCIM has recently completed the sale of ± 2 acres of land at the southeast corner of I-65 and Cobbs Ford Road, Exit #179. The sales price was $813,892.00. The property was zoned B-2 and will be developed as a Spring Hill Suites by Marriott.
John Stanley, CCIM has represented The Most Worshipful Grand Lodge of Free and Accepted Masons of the State of Alabama in the sale of a ± 10.57 acre parcel located on Zelda Road, Montgomery, AL. The Buyer is the Montgomery Academy. The sales price was $600,000.00 ($56,765/ac.).