Berkadia negotiates $4 million sale of apartment community in Mobile, AL

Woodland Square Apartments, Sage Avenue and Airport Boulevard, Mobile, AL

Josh Jacobs

Birmingham, AL and Mobile, AL – Berkadia, one of the nation’s largest and most active multifamily investment sales companies, recently negotiated the $4 Million sale of Woodland Square, a 128-unit apartment community on Sage Ave. and Airport Blvd. in Mobile.

Josh Jacobs, investment sales associate at Berkadia along with partner David Oakley, negotiated the transaction representing an Alabama-based seller.

Jacobs said the property, which new ownership is rebranding as “Midtown Sage Apartments,” was built in 1974 and renovated in 2013-2014. The California-based purchaser assumed the existing Fannie Mae loan on the property.

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

For a complete copy of the company’s news release, please contact:

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