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Oakley Group Acquires 240-Unit Multifamily Property In Fairhope From Stoa Group For $49.8M

Property Image
SOLD
$49,800,000

Alabama

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MultiFamily
Sold 09/19/2025
the dealdetailscomps
Property Image
SOLD

Oakley Group Acquires 240-Unit Multifamily Property In Fairhope From Stoa Group For $49.8M

9376 Twin Beech Road

See Similar Deals
MultiFamily
Sold 09/19/2025
the dealdetailscomps

Summary

ALABAMA
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in the transaction is a multi-family property located at 9376 Twin Beech Road in Fairhope, AL. The property consists of 240 units and was acquired for $49,800,000, equating to a price per unit of $207,500. The complex features ten buildings and includes amenities such as a pool, fitness center, dog park, and EV charging stations. The property was completed in 2024.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $49,800,000
  • Units: 240
  • Price Per Unit: $207,500
  • Buyer: Oakley Group
  • Seller: Stoa Group
  • Broker: Cushman & Wakefield
  • Market: Fairhope, AL

In this deal, Oakley Group represented the interests of the buyer, while Stoa Group represented the seller. Cushman & Wakefield was responsible for brokering the transaction, facilitating the deal's completion.

Players

Oakley Group
Oakley Group
BUYER

Details

SOLD
IMAGE: 09/19/2025 ADDRESS: 9376 Twin Beech Road MARKET: Fairhope, AL ASSET TYPE: MultiFamily BUYER: Oakley Group SELLER: Stoa Group SALE PRICE: $49,800,000 UNITS: 240 ~ PPU: $207,500 NOTE: Oakley Group acquired the 240-unit Flats at East Bay in Fairhope, Ala., for $49.8M ($207,500/unit) from Stoa Group, with Cushman & Wakefield brokering the deal. Completed in 2024, the complex features 10 buildings with amenities including a pool, fitness center, dog park, and EV charging stations.

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Operating Expenses (Annual)
Net Operating Income (NOI)

$2,656,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$176,928.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$236,077.41
Annual Debt Service$2,832,928.88