Hendricks & Partners Negotiates Sale of Cypress Gardens Apartments in Hoover for $5,000,000

BIRMINGHAM, Ala. --- Hendricks & Partners, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated the sale of Cypress Gardens Apartments, a 150-unit apartment community located in Hoover, Ala. for $5.0 million. David Oakley, senior investment advisor of Hendricks & Partners Alabama office negotiated the sale representing the seller, Georgetown Investments, LLC, an Alabama limited liability company, based in Birmingham. Cypress Gardens, built in 1972 and renovated in 2011-2012, has a total of 148,228 square feet of rentable living space with one, two and three bedroom apartments. The buyer was Cypress United LLC, based out of Florida.