John Stanley, CCIM and Lee Meriwether, CCIM have represented the Alabama Hospital Association in the sale of a ± 23,100 S.F. office building located at 509 Oliver Road, Montgomery, AL. The property is zoned M-1 and consists of ± 1.66 acres. The Buyer is NLL Real Estate Investments, LLC. The sales price was $650,000.00 ($28.15/S.F.).

John Stanley, CCIM has represented Prattville Properties 2 LLC in the purchase of ± 1.93 acres located at the NE corner of McQueen Smith Road and Fairview Avenue (AL Hwy 14), in Prattville, AL. The Seller was Pratt 2, LLC. The sales price was $925,000.00 ($11.00/S.F.).

Lee Meriwether, CCIM recently completed the sale of a ± 1,652 S.F. office building located at 2410 Cobbs Ford Road, Millbrook, AL. The property is zoned C-2 (General Commercial). The sales price was $231,500.00 or $140.13 per square foot. The Seller was Gregg Hollon and the Buyer was Byrd Property Holdings, LLC.

Lee Meriwether, CCIM recently represented the Estate of Luther D. Morgan in the sale of a ± 30,300 square foot retail center located at 5510 Wares Ferry Road in Montgomery, AL. The sales price was $1,100,000.00 or $ 36.30 per square foot. The center was mostly vacant so no CAP Rate was used.

John Stanley, CCIM has represented Georgiana Convenience, LLC in the purchase of ± 1.12 acres located at Exit 16 and I-85 in Pike Road, AL. The property is zoned B-2 (Business). The sales price was $270,000.00 ($5.53/S.F.).