Description of this article
Nim Frazer, SIOR has represented BB&T in the sale of a ± 22,975 S.F. building located on ± 3.5 acres at 544 Cahaba Road, in Greenville, AL. The Buyer was Life Line Church, Inc. The sales price was $400,000.00.
John Stanley, CCIM has represented MJG Real Estate Holdings, LLC in the purchase of a ± 6,088 S.F. office building located on ± 4.79 acres at 9750 Vaughn Road, Pike Road, AL. The Buyer is MJG Real Estate Holdings, LLC and the Seller was Liberty Bank and Trust. The Buyer will remodel the existing building for use as a small animal vet clinic. The sales price was $825,000.00.
Nim Frazer, SIOR has completed the sale of ± 20 acres of land off Vaughn Road, in Pike Road, AL. This 20 acres is located at the rear of a 113.9 acre tract fronting Vaughn Road. The sales price was $260,000.00. The property will be used for pasture by an adjacent land owner and is zoned for agriculture use.
Nim Frazer, SIOR has represented Rebecca Vaughn and Elizabeth Calhoun in the sale of ± 30.05 acres located on U.S. Hwy 80 West, across from Dannelly Field, in Montgomery, AL. The property is zoned M-1 and was sold to KOAM, LLC. The sales price was $270,000.00.
Mark Dauber has represented TVM Investment Properties, LLC in the sale of a 14.63 acre retail tract located at the NE Corner of Vaughn Road and Pike Road. The Property will be developed with two (2) separate outparcels fronting Vaughn Road plus an 11.63 acre parcel to be developed as a 69,869 S.F. retail center with Publix Super Market as the anchor tenant. The Buyer is Shops at Pike Road, LLC. The sales price for the entire property was $2,850,000.00 ($4.47/S.F.).
John Stanley, CCIM has represented 9066 Eastchase, LLC in the purchase of an existing Bojangles restaurant located at 9066 Eastchase Parkway. The property consists of a ± 3,886 S.F. restaurant on a ± 45,944 S.F. lot. The sales price for the fully equipped restaurant was $1,650,000.00.
Mark Dauber has represented Redland Grocery, LLC in the purchase of a ± 3.0 acre parcel of land located in Elmore County, Alabama at the intersection of Firetower Road and Redland Road. The Property will be developed as a food store and gas station facility. The sales price was $300,564.00 ($2.30/S.F.).