Description of this article
John Stanley, CCIM has represented Cadles Butler Plaza, LLC in the sale of a 90,342 S.F. Shopping Center located on Al. Hwy 245 Bypass, Greenville, AL. The Buyer was Chen's First Property, LLC. The sales price was $1,550,000 at a 12.6 cap rate.
John Stanley, CCIM has represented AmeriFirst Bank in the sale of two (2) parcels of land totaling 30.06 acres located on Chapel Road and Gossom Switch Road, Wetumpka, AL. Both parcels are adjacent to the existing Chapel Lakes Apartments and both are zoned R-4 (multi-family). The Buyer is Chapel Lakes Two, LLC. The sales price was $600,000 ($19,953/Ac.)
John Stanley, CCIM has represented PowerSouth Energy Cooperative in the purchase of 1.00 acres located on Park Crossing. The property will be used by PowerSouth as a portion of a larger parcel for a power substation. The Seller was Thorington Road Properties, LLC. The terms of the sale are undisclosed.
John Stanley, CCIM has represented PowerSouth Energy Cooperative in the purchase of 4.63 acres located on Park Crossing. The property will be developed by PowerSouth as a power substation to serve the growing demands of residential and commercial development in the area. The Seller was Alfa Properties, Inc. The terms of the sale are undisclosed.
Mark Dauber has represented the City of Atmore, Alabama in the sale of a 2.24 acre parcel to Atmore Hotels, LLC. The parcel is part of Rivercane, a mixed-use development, located on Hwy. 21, off I-65 at Exit 57. The sales price was $488,752 ($5.00/S.F.).
Mark Dauber has represented Ray Scott, Jr. in the sale of 220 acres of farm/timber property located on Tyson Road in Lowndes County, AL. The sales price was $396,000 ($1,800/Ac.).
John Stanley, CCIM has represented WASCO Properties in the sale of the former Ethan Allen furniture building located at 3300 East Blvd., Montgomery, AL. The property consists of a ± 10,956 S.F. building located on ± 1.21 acres and is zoned B-3. The Buyer was Mims Property Management Group, LLC and the sales price was $320,000 ($29.21/S.F.).
John Stanley, CCIM has represented Synovus Bank in the sale of a former car and truck dealership property located at 405 East Blvd., Montgomery, AL. The property consists of a ± 39,864 S.F. building on ± 7.39 acres and is zoned B-3. The Buyer was Pavilion Investment Company, LLC. The sales price was $720,000.
John Stanley, CCIM has represented J. B. Properties - Atlanta Hwy., LLC in the sale of a ± 1,240 S.F. retail building located at 3351 Atlanta Hwy., Montgomery, AL. The Buyer was J. Simmons Leasing, LLC. The property is zoned B-2. The sales price was $80,000.
John C. Stanley, CCIM has represented the Mae Etta Little Trust in the sale of a 6.17 acre lot located adjacent to the Henley Hedge Subdivision off Bell Road, Montgomery, AL. The lot is zoned Agr.-1. The sales price was $330,000 ($53,485/Ac.).