Don’t just buy a burger, buy the restaurant too!
admin / October 28, 2018
By Kathy Jumper | al.com
A central Alabama investor paid $2.17 million for the Burger King fast food restaurant building on 1.43 acres at 29685 Ala. 181 in Daphne, according to Andrew Chason of Marcus & Millichap in Fairhope. The Burger King owner has a long-term lease on the building and the restaurant will remain open.
Local builders paid $1.3 million for 3.86 acres on Little Lagoon at 1200 W. Lagoon Ave., in Gulf Shores and plan to build 11 single-family custom homes on the property, according to Tim McCrory of Edgemon Properties, who represented the buyers. The land is just east of 12th Street and has more than 600 front feet on Little Lagoon. The waterfront homes will be built by Larry Lawrence Custom Homes in Gulf Shores. Mary Cane and Joe Courtney of Courtney & Morris Real Estate represented the seller.
An out-of-town investor paid $750,000 for 1.32 bay front acres off Baldwin County 95 just south of Pirate’s Cove in Josephine, according to Jay O’Brien of J.L. O’Brien & Associates, who represented the sellers. The property has 300 front feet on Arnica Bay. Bob Shallow of Re/Max Paradise worked for the buyer.
SAI Wholesale paid $528,000 for a 7,200-square-foot building at 1230 Montlimar Drive in Mobile, according to David Milstead of Bellator Commercial Real Estate, who represented the buyer and the seller.
A self-storage complex with 79 units at 457 Thompson Blvd., in Chickasaw has sold for $295,000, according to James Henderson of Bellator Real Estate & Development, who handled the transaction.
Envoy Mortgage, Ltd. has leased 2,000 square feet of office space in Hillcrest Square Ventures at 1000 Hillcrest Road in Mobile, according to Jill Meeks of Stirling Properties, who represented the tenant. Phillip Curtin of Curtin & Associates Real Estate worked for the landlord.
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