SOLD
Morrison Avenue Capital Acquires Multifamily Property In Mobile, AL For $30.8M
1663 Hillcrest Road
MultiFamily
Sold 1 year ago
Summary
Sale
ALABAMA
MultiFamily
The multifamily property located at 1663 Hillcrest Rd in Mobile, AL has been sold. The transaction took place on 07/22/2022. The property consists of 278 units with a sale price of $30,800,000, resulting in a per unit price of $110,791.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,800,000
- Units: 278
- Price per Unit: $110,791
Morrison Avenue Capital Partners, LLC acquired the property from Two Waters Capital. The deal was facilitated by brokers Andrew Brown & Craig Hey from Cushman & Wakefield.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Andrew Brown & Craig Hey
DATE: 07/22/2022
ADDRESS: 1663 Hillcrest Rd
MARKET: Mobile, AL
ASSET TYPE: Multifamily
BUYER: Morrison Avenue Capital Partners, LLC
SELLER: Two Waters Capital
BROKERS: Andrew Brown & Craig Hey - Cushman & Wakefield
SALE PRICE: $30,800,000
UNITS: 278 ~ PPU: $110,791View on map
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Address1663 Hillcrest Road
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