Description of this article
John Stanley, CCIM has represented Flatiron Farms, LLC in the purchase of ± 56.89 acres, with an existing house, located at 3620 Marler Road, Pike Road, Alabama. The Sellers were Ray and Jeanie Shaw. The sales price was $800,000.00 ($14,062.22/AC.).
John Stanley, CCIM has represented Mary Alma Neeley, Martha Myers and Earline Smith in the sale of ± 31.36 acres of land located at the NE corner of the Outer Loop Road and Vaughn Road in Pike Road, Alabama. The Buyer was SAI Holding, Inc. The Property is zoned B-2. The sales price was $1,125,000.00 ($35,873/AC.).
John Stanley, CCIM has represented McLemore Plantation, Ltd. in the sale of ± 1.28 acres located on Wallahatchee Road, Pike Road, Alabama. The Buyer was The Water Works and Sanitary Sewer Board of the City of Montgomery. The property will be developed as a well site. The sales price was $38,400.00 ($30,000.00/AC.).
Mark Dauber has represented TVM Investment Properties, LLC in the sale of two (2) outparcels located at THE SHOPS AT PIKE ROAD in Pike Road, Alabama. Lot 2 consists of ± 40,840 S.F. and sold for $653,440 ($16.00/S.F.). Lot 3 consists of ± 44,994 S.F. and sold for $719,904 ($16.00/S.F.). The Buyer of both lots was San Marcos Mexican Restaurant- Pike Road, Inc.
John Stanley, CCIM has represented The Langenberg Trust in the sale of three (3) platted commercial lots located at the corner of Vaughn Road and Lochfield Drive in Pike Road, AL. The total size of the lots is 2.41 acres. The Buyer was Georgiana Convenience, LLC. The sales price for the three (3) was $625,000.00 ($5.95/S.F.).
John Stanley, CCIM has represented Jackson Hospital & Clinic, Inc. in leasing ± 4,200 S.F. of space at Shops at Pike Road (Publix Shopping Center) for use as an urgent care facility. The Lessor is Shops at Pike Road, LLC. The terms of the lease are undisclosed.
John Stanley, CCIM has represented Montgomery Pediatric Dentistry and Orthodontics, DBA Smiles From Us in the leasing 2,765 S.F. at the Shops at Pike Road retail center currently under construction at 9547 Vaughn Road, Pike Road, Alabama. The terms of the lease are undisclosed.
Mark Dauber has represented TVM Investment Properties, LLC in the sale of a 14.63 acre retail tract located at the NE Corner of Vaughn Road and Pike Road. The Property will be developed with two (2) separate outparcels fronting Vaughn Road plus an 11.63 acre parcel to be developed as a 69,869 S.F. retail center with Publix Super Market as the anchor tenant. The Buyer is Shops at Pike Road, LLC. The sales price for the entire property was $2,850,000.00 ($4.47/S.F.).
John Stanley, CCIM has represented Waffle House, Inc. in the purchase of a 38,247 S.F. lot located on Vaughn Road in Pike Road, Alabama. The sales price was $235,750.00 ($6.16/S.F.).
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.