Wicker Park Capital Acquires Mobile Multifamily Asset From The Walden Group For $16.32M

The property asset involved in this transaction is a multifamily unit located at 701 University Boulevard South in Mobile, AL. The sale price for the property was $16,325,000, with a total of 208 units. The asset encompasses a square footage of 144,560, resulting in a price per unit of $78,485 and a price per square foot of $112.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,325,000
• Units: 208
• Square Footage: 144,560
• Price Per Unit: $78,485
• Price Per Square Foot: $112
• Buyer: Wicker Park Capital
• Seller: The Walden Group
• Broker: David Wildes - Rosewood Realty Group

This transaction was facilitated by broker David Wildes, who represents Wicker Park Capital in this deal. The transaction underscores the involvement of The Walden Group as the seller of the multifamily property.