Description of this article
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.
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.
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.
Mark Dauber has represented Charles Nicrossi and Wonder Way Holding, LLC in the sale of 640 Columbus Street in Montgomery, AL. The property consists of ± 15,000 S.F. of land area with a ± 6,000 S.F. warehouse building. The Property is zoned T4-O. The Buyer is Standard Roofing of Montgomery, Inc. The sales price was $252,000.00 ($42.00/ S.F.).
John Stanley, CCIM has represented Montgomery Enterprise 3, LLC in leasing an existing convenience store located at 5670 Atlanta Hwy, Montgomery, AL. The terms of the lease are undisclosed.
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.