SOLD
Carter Multifamily Acquires 252-Unit Multifamily Property In Mobile, AL For $35.6M
7070 Grelot Road
MultiFamily
Sold 1 year ago
Summary
Sale
ALABAMA
MultiFamily
7070 Grelot Rd in Mobile, AL has been sold in a multifamily property transaction. The property consists of 252 units, with a price per unit (PPU) of $141,270. The deal was closed on 11/30/2022 for a total sale price of $35,600,000. The buyer, Carter Multifamily, acquired the property from Saxony Capital Management.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $35,600,000
- Units: 252
- PPU: $141,270
The deal was facilitated by the brokers Andrew Brown and Ben Thomas from Cushman & Wakefield. They represented both the buyer, Carter Multifamily, and the seller, Saxony Capital Management, in this transaction.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Andrew Brown & Ben Thomas
DATE: 11/30/2022
ADDRESS: 7070 Grelot Rd
MARKET: Mobile, AL
ASSET TYPE: Multifamily
BUYER: Carter Multifamily
SELLER: Saxony Capital Management
BROKERS: Andrew Brown & Ben Thomas - Cushman & Wakefield
SALE PRICE: $35,600,000
UNITS: 252 ~ PPU: $141,270View on map
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Address7070 Grelot Road
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