Cambrian Forest Apts. LLC Sells 72-Unit Multifamily Property In Greenville AL For $5.5M

The property involved in this transaction is a multifamily asset located at 693 Sherling Lake Road in Greenville, AL. The sale was completed on February 18, 2025, with an agreed sale price of $5,500,000. This multifamily property consists of 72 units and encompasses a total of 76,000 square feet, resulting in a price per unit of $76,389 and a price per square foot of $72.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,500,000
• Units: 72
• Square Footage: 76,000
• Price Per Unit: $76,389
• Price Per Square Foot: $72
• Seller: Cambrian Forest Apts. LLC
• Broker Representatives: Josh Jacobs & Royce Emerson - Marcus & Millichap

The transaction was brokered by Marcus & Millichap, with Royce Emerson and Josh Jacobs representing the seller. This transaction marks Marcus & Millichap's third completed deal in Central Alabama within a span of 30 days, highlighting the firm's active presence in the region.