Hendricks & Partners Negotiates Sale of Woodbrook Trail Apartments in Alabaster for $8,000,000

BIRMINGHAM, Ala. --- Hendricks & Partners, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated the sale of 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.