Hills At Hoover Apts LLC Acquires Multifamily Property In Hoover, AL For $44M

The multifamily property located at 3627 Cedarbrook Dr in Hoover, AL has been sold. The property consists of 320 units and was sold for a total price of $44,000,000, resulting in a per unit price of $137,500. The property is situated in the Hoover market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $44,000,000
• Address: 3627 Cedarbrook Dr, Hoover, AL
• Market: Hoover, AL
• Buyer: Hills at Hoover Apts LLC
• Seller: Oxford Hills at Hoover LLC, Hills at Hoover LLC, Hoover Exchange LLC & Hoover Sale 2022 LLC
• Units: 320
• Per Unit Price: $137,500

Hills at Hoover Apts LLC has acquired the property from Oxford Hills at Hoover LLC, Hills at Hoover LLC, Hoover Exchange LLC & Hoover Sale 2022 LLC.