Description of this article
John Stanley, CCIM has represented Panehal, Inc. in the sale of 844 Lagoon Commercial Blvd., Montgomery, AL. The property consists of a 6,050 S.F. office/warehouse. The Buyer was Unique Securities, Inc. The sales price was $312,000 ($51.57/S.F.).
John Stanley, CCIM has represented Automotive Enterprises, Inc. in the sale of 267 East Blvd., Montgomery, AL. Formerly a Midas Muffler facility, the property consists of a ± 4,921 S.F. building located on .53 acres. The Buyer was Ingram Properties, LLC. The sales price was $461,450.00 ($93.77/S.F.).
John Stanley, CCIM has represented 303 Samford Avenue, LLC in the sale of two (2) commercial lots located on Taylor Road and Malcolm Drive being a total of 76,059 S.F. and zoned B-3. The Buyer was Cross Development, LLC. The sales price was $295,000.00 ($3.88/S.F.).
Lee Meriwether, CCIM has recently represented J P Premier Enterprises, LLC in the sale of a ± 10,500 S.F. building located at 3300 East Blvd., Montgomery, AL. The building was originally developed as an Ethan Allen Furniture Store. It was later sold and used as the home-office for one of the largest Burger King franchisees in the country. This latest buyer will redevelop it as a Gerber Collision Center. The Property sold for $895,000.00 or $85.24/S.F.
Mark Dauber has represented F&A Realty Montgomery, Ltd. in the sale of the Bell Building located at 201 Montgomery St. in downtown Montgomery, AL. The building consists of approximately 120,000 S.F. of office space. The Buyer plans to renovate the property as a residential development. The Buyer was MAL, LP and the sales price was $3,125,000.