Hendricks & Partners Negotiates Sale of Woodbrook Trail Apartments in Alabaster, AL for $8 Million

Woodbrook Trail Apartments, Alabaster, AL

 BIRMINGHAM, AL --- Hendricks & Partners, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated the sale of Woodbrook Trail Apartments, a 200-unit apartment community located in Alabaster, Ala. for $8 million.

David Oakley, senior investment advisor of Hendricks & Partners Alabama office negotiated the sale representing the seller, Ambler, LLC, an Alabama limited liability company, based in Birmingham.

Woodbrook Trail, constructed in two phases in 1977 and 1988, has a total of 179,344 square feet of rentable living space with one, two and three-bedroom apartments.

The buyer was TEG Acquisitions LLC, a New Jersey limited liability company, based out of New York.

 For more information, contact:

David Oakley, Senior Investment Advisor, Hendricks & Partners - Alabama, 205.918.0785,  doakley@hpapts.com. 

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.