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John Stanley, CCIM and Lee Meriwether, CCIM have sold a ± 4,521 S.F. medical office building located at 226 Mitylene Park Dr., Montgomery, AL. The Seller was Oakleaf, LLC and the Buyer was ZSC, LLC. The sales price was $625,000.00 ($138.25/S.F.).
Lee Meriwether, CCIM and John Stanley, CCIM have sold ± 18.17 acres located on Park Crossing at New Park. The property will be developed as Phase III of the Jubilee subdivision. The Seller was New Park Development Company, LLC and the Buyer is JSL Partners, LLC. The Sales price was $454,250.00 ($25,000.00/AC.).
John Stanley, CCIM has represented TLG #1, LLC in the purchase of the Dollar General located at 19152 AL Highway 22E in Plantersville, Alabama. The property consists of a 10, 566 S.F. free-standing Dollar General on a 2.5 acre parcel. The Seller was the Broadway Group, LLC. The Sales price was $1,688,500.00 (7.05 cap rate).
John Stanley, CCIM has represented Mr. Mattress, LLC in the leasing of ± 2,800 S.F. of retail space in Merry Corners at the corner of Vaughn Road and Pike Road. The Landlord is Trott, LLC. The terms of the lease are undisclosed.
Lee Meriwether, CCIM and John Stanley, CCIM recently completed the sale of a ± 1.63 Acre commercial lot located at the corner of Chantilly Parkway and Chantilly Parkway Place in Pike Road, Alabama. The Sales price was $639,666.00 or $9.00/S.F. The property is zoned B-2. The Seller was Pelham, et al and the Buyer was Marion Community Bank. The Site will be developed as Marion Community Bank�s first location in Pike Road, Alabama.
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John Stanley, CCIM has represented Sara B. Beasley in the sale of two (2) contiguous properties located at 3851 Interstate Ct. and 3808 Elmdale Rd. in Montgomery, AL. Both properties were formerly occupied by Pickwick Antiques located on a ± 41,815 S.F. lot and zoned B-2. The primary building located at 3851 Interstate Ct. is ± 7,424 S.F. A secondary building located at 3808 Elmdale Rd. is ±1,608 S.F. The Buyer was Georgiana Convenience, LLC. The sales price was $625,000.00.
John Stanley, CCIM has represented Southern Orthopaedic Surgeons, LLC in the leasing of ± 2,800 S.F. of medical office space located in Chase Corner at Taylor Road and I-85. The Landlord is Chase Corner, LLC. The terms of the lease are undisclosed.