Lee Meriwether, CCIM recently completed the sale of a ± 9,800 S.F. office building located at 842 – 844 Peachtree Street, Prattville, Alabama.  The building was fully leased with a seven (7) year lease.  The Sales Price was $995,000.00 or $101.53/S.F.

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.

John Stanley, CCIM has represented Sunset Properties, Inc. in the sale of an investment property located at 941-969 Lagoon Business Loop, Montgomery, AL.  The property consists of an 11,798 S.F. office/warehouse building on a 36,004 S.F. lot.  The sales price was $250,000.00.  The Buyer is Capital Real Estate Holdings, LLC.