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John Stanley, CCIM has represented Montgomery Properties 1, LLC in the sale of a convenience store/service station located at 3001 McGehee Road, Montgomery, AL. The Buyer was Gas Express, LLC. The Sales Price was $3,500,000.00.
John Stanley, CCIM has represented Caddell Construction Company, LLC in the sale of an office/warehouse property located at 2700 Lagoon Park Drive, Montgomery, Alabama, formerly the headquarters of Caddell Construction Company. The property consists of ± 26.72 acres including a ± 46,559 S.F. office building and a ± 16,639 S.F. warehouse building. The Buyer was Schilleci Bragg, LLC. The sales price was $3,000,000.00.
Lee Meriwether, CCIM recently completed a sale of a Medical Office Building located at 2101 and 2113 Chestnut Street, Montgomery, AL. The Seller was Advanced Surgical Properties, LLC and the Buyer was Cedar Hill Group, LLC. The Sales Price was $510,000.00.
Lee Meriwether, CCIM recently sold a building located at 2031 Carter Hill Road in Montgomery, Alabama. The building was ± 1,852 square feet the lot was ± 12,800 square feet and zoned B-2. The sales price was $106,000.00. The Seller was Margarette Parrish. The Buyer was Resonate Real Estate, LLC.
John Stanley, CCIM has represented Schilleci Distribution Property, LLC in the sale of a 4,167 S.F. restaurant property located at 5471 Atlanta Highway, Montgomery, AL. The Buyer was Georgiana Convenience, LLC. The tenant is El Jalisco Mexican Restaurant. The sales price was $625,000.00 ($150.00/S.F.) representing an 8.6% cap rate.