Lee Meriwether, CCIM has recently completed the sale of 4695 Vaughn Road, Montgomery, Alabama.  The Seller was Realto Capital and the Buyer was Energy Wise Builders, LLC.  After renovations, the property will be the new location for Diamond One Décor.  The sales price was $360,000.00 which was $10,000.00 more than the Listing Price.  The property is zoned B-3-Q and includes ±2 acres of land and ±20,000 S.F. of building.

John Stanley, CCIM has represented Boyd Investments, LLC in the sale of a ± 1.07 acre lot located at 8859 EastChase Parkway, Montgomery, AL.  The Buyer is Cook-Out Montgomery, Inc.  The sales price was $530,000.00 ($11.30/S.F.).

John Stanley, CCIM has represented Equity Traders, Ltd. in the sale of a six (6) unit apartment building located at 1012 Magnolia Curve, Montgomery, AL. The Buyer is Stato Group, LLC. The sales price was $155,700.00 ($25,950/unit).

John Stanley, CCIM has represented Melrose Properties, LLC in the purchase of 27 residential lots and 18.71 acres of adjacent property at the Melrose development located at the corner of Vaughn Road and Ray Thorington Road, Montgomery, AL. The Seller was Leavell, LLC. The total sales price was $1,398,715.00.

John Stanley, CCIM has represented PCD Montgomery Real Estate, LLC in the purchase of a ± 3.1 acre office lot located at 2201 East South Boulevard.  The lot is zoned O-2 and will be developed as a dialysis center.  The Seller was Drug Research and Analysis Corp.  The sales price was $175,000.00 ($1.30/S.F.). 

John Stanley, CCIM has represented Buck, LTD in the sale of a 17,317 S.F. office/warehouse property located at 885-889 Plantation Way. The land area is 1.52 acres.  The Buyer is Capital Real Estate Holdings, LLC.   The sales price was $426,000.00 ($24.60/ S.F.).

John Stanley, CCIM has represented St. James United Methodist Church in the sale of a commercial lot located at the corner of Malcolm Dr. and Averiette Dr., Montgomery, Al.  The name of the Buyer is undisclosed.  The sales price was $110,000.00 ($3.10/S.F.). 

John Stanley, CCIM has represented Philippou Brothers, Inc. in the sale of a .54 acre lot located at the southeast corner of Atlanta Highway and Perry Hill Road.  The property was formerly occupied by Flip’s Restaurant.  The Buyer is the City of Montgomery.  The sales price was $385,000.00 ($16.37/ S.F.)

John Stanley, CCIM has represented Donnie and Holly Turner in the sale of a ± 36,500 S.F. retail/warehouse property on ± 5.5 acres located at 333 North East Boulevard.   The Buyer is Webb Real Estate Company, LLC.  The sales price was $707,500.00 ($19.38/ S.F.)

John Stanley, CCIM has represented the Ronald Long Family Trust and Janie S. Gilliland in the sale of a 9,000 S.F. office/warehouse building located at 573 George Todd Drive, Montgomery, AL.   The sales price was $300,000.00 ($40.00/ S.F.).