VACANT LAND
SOLD – Cawfield Subdivision – Pike Road, AL – September 24, 2009
John Stanley, CCIM has sold twenty-four (24) single family residential lots located in Cawfield Plat No. 1. The Seller was PFM Development Company, LLC and the Buyer was DuBose Corporation. The sales price is undisclosed.
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SOLD - 750 Fairview Avenue, Montgomery, AL - September 17, 2009
Nim Frazer, SIOR represented Circle "S" Industries, Inc. in the sale of a 1.72 acre site located at the NE corner of I-65 and Fairview Avenue. The property was purchased by the City of Montgomery and will be developed as a city park. The sale price was $380,000.00.
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SOLD - ± 25.7 Acres, Montgomery, AL – September 15, 2009
John Stanley, CCIM has represented Ratliff Partners, L.L.C. in the sale of ± 25.7 Ac. to New Park Development Company, L.L.C. The property will be an addition to New Park, Montgomery’s newest residential development located off Ray Thorington Road in east Montgomery. The sales price is undisclosed. |
SOLD – 18 Parcels of Land, Montgomery, AL – August 28, 2009
Lee Meriwether, CCIM recently represented Jackson Hospital & Clinic in the purchase of eighteen (18) parcels of land for the expansion of its campus.
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SOLD – 17.70 Acres – Autauga County – August 12, 2009
Lee Meriwether, CCIM recently represented Gateway Construction Corporation in the purchase of ± 17.70 acres of land in Autauga County. The sale price was $1,062,000 or $60,000 per acre. The property will be developed as a multifamily community.
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SOLD – Woodmere Boulevard, Montgomery, AL – June 12, 2009
John Stanley, CCIM has represented Woodmere Acquisition Co., LLC in its purchase of 41,985 S.F. of land for the future expansion of Alabama Orthopedic Specialists (AOS) office and medical headquarters. This property will enhance and expand the AOS Montgomery Campus located at the corner of Lomac Street and Woodmere Boulevard. The property is zoned O-1. The sale price was $272,902.00 ($6.50 S.F.) |
SOLD - Kershaw Boulevard, Montgomery, AL - May 28, 2009
Lee Meriwether, CCIM recently completed the sale of Lot #5 located on Kershaw Boulevard. The lot is approximately 36,590 S.F. and sold for $105,000.00 or $2.87/S.F |
SOLD – 12 Acres East Blvd and East Shirley Lane - April 28, 2009
Lee Meriwether, CCIM recently completed the sale of + 12 acres on the East Boulevard. The property has 60 feet of frontage on the East Boulevard and 230 feet of frontage on East Shirley Lane. The property is zoned B-2 and B-5. The sales price was $245,000. |
SOLD - Lowe's Outparcel, Wetumpka, AL - Dec 30, 2008
John Stanley, CCIM has represented MAX Credit Union in its purchase of an outparcel located at on US 231 in Wetumpka, AL. The outparcel consists of 97,004 S.F. and will be developed as a MAX branch office. The property is zoned B-2 (Business). The sales price was $1,358,056($14/S.F.). |
SOLD - Halcyon Summit Office Lot, Montgomery, AL - Dec 29, 2008
John Stanley, CCIM has represented Harmon Holdings, LLC with the acquisition of a 48,107 S.F. office lot located on Halcyon Summit Drive. The lot will be developed by Dr. Chris Harmon for medical office use specializing in dermatology. The Seller was Sevier Dabbs Properties, LLC. The sales price was $396,882 ($8.25/S.F.).
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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. |
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 - 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.). |
SOLD – Office Lot, Montgomery, AL – May 6, 2008
Lee Meriwether, CCIM has completed the sale of a 1.46 acre lot zoned 0-1 on Ray Thorington Road near Wisdomwood Road. The sales price was $397,762.50 or $6.25/S.F. |
SOLD – Billingsley Place, Montgomery, AL – April 29, 2008
John Stanley, CCIM has completed the sale of two (2) business zoned (B-3) lots at Billingsley Place. Lot 2A Blk B consists of 60,719 S.F. and sold for $12/S.F. Lot 3, Blk B consists of 80,822 S.F. and sold for $12.75/S.F. Both lots are proposed to be developed as a retail center. |
SOLD – Montgomery Business Park – March 20, 2008
Lee Meriwether, CCIM recently completed the sale of two (2) lots located at the corner of Congressman Dickinson Drive and Newell Parkway at Montgomery Business Park. The two (2) lots combined total + 125,550 S.F. and sold for $502,200.00 or $4.00/S.F. Both lots are zoned B-3 and will be developed as a Flowers Bakery Distribution Center and Bread Store. |
SOLD – Hwy 14 Prattville, AL – March 14, 2008
Lee Meriwether, CCIM recently completed the sale of a lot located at the corner of Hwy 14 and Jasmine Trail in Prattville, AL. The lot is + 33,168 S.F. and sold for $265,000.00 or $7.00/S.F. The lot is zoned B-2 and will be developed as the future office for Dr. Barry McNamara. |
SOLD – Business Lot, Montgomery, AL – February 12, 2008
John Stanley, CCIM has represented Mitylene Development, Inc. in the sale of a 43,622 S.F. lot zoned B-2 at the corner of Atlanta Highway and Mitylene Park Lane in Mitylene Office Park. The sales price was $436,622 ($10.00/S.F.). The proposed use for this property is a pharmacy/drug store. |
SOLD – Taylor Road, Montgomery, AL – January 24, 2008
Lee Meriwether, CCIM and John Stanley, CCIM have transacted the sale of a 40,875 S.F. business lot fronting Taylor Road in the Billingsley Place development. The sales price was $490,500.00 or $12.00/S.F. The site will be developed as a Big 10 Tire Store. |
SOLD – 222 Acres Montgomery, AL – December 31, 2007
John Stanley, CCIM has represented the Seller in the sale of 222.7 acres of land on Taylor Road, Montgomery, AL. The entire property is zoned Agr.-1. The purchaser was Alfa Properties, Inc. The sales price was $5,000,000.00 ($22,450/Acre). |
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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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