Description of this article
John Stanley, CCIM has represented JLJB, LLC in the sale of a ± 3,786 S.F. office building located at 458 So. Lawrence St., Montgomery, AL. The Buyer was NeSmith and NeSmith, LLC. The sales price as $222,000.00 ($58.64/S.F.)
John Stanley, CCIM has represented Meritage Office Group, LLC in the sale of a 7,212 S.F. office building located at 6728-6732 Taylor Court, Montgomery, AL. The Buyer is HIJIN Properties, LLC. The sales price was $495,000.00 ($68.65/ 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.).
John Stanley, CCIM has represented Watson & Schendell Properties, LLC in the sale of a ± 4,178 S.F. office building located at 8325 - 8329 Crossland Loop in Montgomery, Alabama. The Buyer was Dirt Road Dreamhouse, LLC. The sales price was $395,000.00 ($94.54/S.F.) representing an 8.25 cap rate.
John Stanley, CCIM and Lee Meriwether, CCIM have represented J & H Investments, LLC in the sale of a 14,892 S.F. medical office building located at 2601 – 2611 Woodley Park Drive in Montgomery, Alabama. The sale was a “Bargain Sale” of the property to HBCU Alliance Partners. The sales price and terms of the sale are undisclosed.