John Stanley, CCIM has represented Kershaw Manufacturing Company, Inc. in the sale of a ± 1.72 acre parcel located at the corner of Kershaw Industrial Blvd. and Ala. Hwy. 126.  The property is zoned M-1.  The Buyer was David Dennis. The purchase price was $310,000.00 ($4.14/S.F.).  

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 Boyd Investments, LLC in the sale of a 2.54 Ac. parcel of land located on Eastchase Parkway, Montgomery, AL.  The parcel consists of 1.74 Ac. of usable land; the sales price was $909,552 ($12/usable S.F.).  The Buyer is Smile Makers Realty II, LLC.