Marcus & Millichap Sells Pineview Pointe Apartments In Birmingham For $5.6 Million

The property asset involved in the transaction is a multi-family apartment complex located at 1541 Charter East Circle in Birmingham, AL. The property was sold for $5,600,000 and comprises a total of 141 units, with a price per unit of $39,716.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,600,000
• Units: 141
• Price Per Unit: $39,716
• Seller: Pineview Pointe LLC
• Brokers: Josh Jacobs & Lloyd Escue - Marcus & Millichap

This transaction was orchestrated by Marcus & Millichap, who facilitated the off-market sale of the Pineview Pointe Apartments, a 141-unit property. The identity of the buyer has not been disclosed, indicating a private nature of the transaction.