Description of this article
John Stanley, CCIM has represented Panehal, Inc. in the sale of 844 Lagoon Commercial Blvd., Montgomery, AL. The property consists of a 6,050 S.F. office/warehouse. The Buyer was Unique Securities, Inc. The sales price was $312,000 ($51.57/S.F.).
John Stanley, CCIM has represented Automotive Enterprises, Inc. in the sale of 267 East Blvd., Montgomery, AL. Formerly a Midas Muffler facility, the property consists of a ± 4,921 S.F. building located on .53 acres. The Buyer was Ingram Properties, LLC. The sales price was $461,450.00 ($93.77/S.F.).
John Stanley, CCIM has represented 303 Samford Avenue, LLC in the sale of two (2) commercial lots located on Taylor Road and Malcolm Drive being a total of 76,059 S.F. and zoned B-3. The Buyer was Cross Development, LLC. The sales price was $295,000.00 ($3.88/S.F.).
Lee Meriwether, CCIM has recently represented J P Premier Enterprises, LLC in the sale of a ± 10,500 S.F. building located at 3300 East Blvd., Montgomery, AL. The building was originally developed as an Ethan Allen Furniture Store. It was later sold and used as the home-office for one of the largest Burger King franchisees in the country. This latest buyer will redevelop it as a Gerber Collision Center. The Property sold for $895,000.00 or $85.24/S.F.
Lee Meriwether, CCIM recently represented Rialto, Inc. in the sale of two (2) Commercial (B-3) lots located at3712 and 3724 Malcolm Drive in Montgomery, Alabama. The sales price was $135,000.00 ($1.92/S.F.) for both lots.
John Stanley, CCIM has represented Rural Holdings, LLC in the sale of a ± 46,810 S.F. commercial lot located at the corner of Malcolm Drive and Kessinger Drive in Montgomery, Alabama. The sales price was $327,670.00 ($7.00/S.F.).