Oakley Group Acquires 80-Unit Griffin Gate Apartment Community In Hopkinsville, TN For $10.8M

Oakley Group has acquired Griffin Gate, an 80-unit apartment community in Hopkinsville, Tennessee, for $10.8 million. The property is situated on 16 acres and offers multifamily living options. With a purchase price of $135,000 per unit, this acquisition presents a significant opportunity for Oakley Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,800,000
• Units: 80
• Price Per Unit: $135,000
• Address: 300 Griffin Gate Drive, Hopkinsville, KY
• Market: Hopkinsville, KY

Tyler Mayo of Cushman & Wakefield served as the broker for Oakley Group's acquisition of Griffin Gate. Supporting the transaction, Lument provided the financing, with Chad Hagwood and Brandon Pate representing the lender. These key individuals played a crucial role in facilitating the successful purchase of this apartment community.