Description of this article
Lee Meriwether, CCIM recently represented Dr. Johnnie Strickland in the purchase of a ± 5,800 S.F. office building located at 5760 Carmichael Parkway in Montgomery, Alabama. The sales price was $300,000.00 ($51.72/S.F.).
John Stanley, CCIM has represented Capitol Container, Inc. in the purchase of an office/warehouse property located on 5.48 acres at 6020 Monticello Drive in Montgomery, AL. The primary building consists of ± 5,250 S.F. of improved office area, and ± 36,250 S.F. of warehouse area with loading docks. A secondary building consists of ± 12,500 S.F. of warehouse area. The sales price was $1,675,000.00 ($31.00/S.F.).
John Stanley, CCIM has represented Conference America, Inc. in the sale of a ±19,762 S.F. office building located at 7079 University Court in Montgomery, AL. The Buyer was The VW, LLC and will be used as the home office for The Vance Law Firm. The sales price was $1,839,000.00 ($93.06/S.F.).
Lee Meriwether, CCIM recently completed the sale of a two story multi-tenant office building located at 449-457 St. Lukes Drive in Montgomery, Alabama. The building was ± 9,530 S.F. and the property was zoned O-1. The sales price was $545,000.00 ($57.19/S.F.). The second floor was vacant at the time of the sale.
John Stanley, CCIM has represented Watson & Schendell Properties, LLC in the sale of a ± 4,330 S.F. office building located at 6765 – 6767 Taylor Circle, Montgomery, Alabama. The Buyer was Georgiana Convenience, LLC. The cap rate was 9.1%. The sales price was $380,000.00 ($87.76/S.F.).