Properties Sold and Leased
SOLD - Mitylene Office Park, Montgomery, AL - Dec 12, 2008
John Stanley, CCIM and Nim Frazer, SIOR have completed the sale of two (2) office lots totaling 74,876 S.F. at Mitylene Office Park, located off Taylor Road. The Seller was Mitylene Development, Inc. and the Buyer was YB East Montgomery, LLC. Both lots will be developed as a single use 12,000 S.F. medical office building. The sales price was $542,851 S.F. or $7.25/S.F. |
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SOLD - McDonald's, Montgomery, AL - Dec 3, 2008
John Stanley, CCIM has completed the sale of a McDonald’s restaurant located at the corner of Eastchase Parkway and Chantilly Parkway. The sales price of $1,585,000 represents a 6.3 cap rate based on the terms of a twenty (20) year ground lease. The Seller was 3T, LLC. The name of the Buyer is undisclosed. |
SOLD - East Park Center, Montgomery, AL - Dec 1, 2008
Lee Meriwether, CCIM and John Stanley, CCIM recently completed the sale of East Park Center located at 25 Carol Villa Drive. East Park Center is a two (2) story, 13,200 S.F. office building that was 95% leased at the time of the sale. The sales price is undisclosed. |
LEASED - Pike Road Station, Pike Rd, AL - Nov 21, 2008
Mark Dauber has leased approximately 1,755 S.F. of retail space to Nail Salon dba Nail Paradise. The new tenant plans to be open for business in early 2009.
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SOLD - 6.23 AC. U.S. Highway 80 East - Oct 6, 2008
John Stanley, CCIM has completed the sale of a 6.23 acre parcel of land located on U.S. Highway 80, East in Montgomery, Alabama. The property is zoned M-1 (Light Industrial). The sales price was $223,140. The Seller was Ross Clayton Funeral Home, Inc. and the Buyer was Mathis Thomas Holdings, LLC.
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LEASED - Office Building - Oct 3, 2008
John Stanley, CCIM has represented New Horizons, LLC with the lease of 7,434 S.F. office building located at 7125 University Court, Montgomery, Alabama. The tenant is Parnell and Crum, P.A.
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SOLD - AutoZone, Montgomery, AL - Sep 10, 2008
John Stanley, CCIM has represented AutoZone Development Corporation in the purchase of a 25,000 S.F. outparcel at Festival Plaza on Vaughn Road. AutoZone will construct a 7,381 S.F. building on the parcel. The sales price of the outparcel was $ 425,000 ($17.00/S.F.). |
LEASED - Office Space, Montgomery, AL - Sep 3, 2008
Lee Meriwether, CCIM and John Stanley, CCIM have recently completed two(2)lease transaction for 12,565 S.F. of office space located at 5946-5950 Monticello Drive. Each tenant signed a five (5) year lease with one (1) five (5) year renewal option. Substantial tenant improvements will be provided by the Landlord. Both tenants will occupy the property in December 2008. |
SOLD - Office Building, Montgomery, AL - Aug 20, 2008
John Stanley, CCIM has represented SAV-A-LIFE, Montgomery, Inc. in the sale of 1620 Mulberry Street. The property consists of a 2,286 S.F. office building. The sales price was $82,500.00. The Buyer intends to use the property as a medical office. |
SOLD - Office Building, Montgomery, AL - Aug 18, 2008
Lee Meriwether, CCIM has represented Regions Bank in the sale of a 5,075 S.F. office building located at 101 Market Place. The buyer was Turner Properties, LLC and the sales price was $322,000.00. |
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Page 9 of 15 |
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In The Spotlight
Halcyon Pointe - Phase I & II located off I-85 at Taylor Road (Exit 9), this three-story, state of the art, Class A, 75,000-SF office building...
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 This months featured property is located at Perry Hill Road and I-85 (Exit 4)...
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Recent Sales / Leases
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LEASED – Aliant Center, Montgomery, AL – September 3, 2010
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SOLD - 2.52 Acres, Montgomery, AL - September 2, 2010.
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SOLD – One Court Square, Montgomery, AL, August 31, 2010
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SOLD – 107 Pecan Street, Troy, AL – August 23, 2010
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SOLD – 2900 McGehee Road, Montgomery, AL – August 20, 2010
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