Hendricks-Berkadia Negotiates Sale of Oaks at Springville Apartments in Birmingham for $5,100,000

BIRMINGHAM, Ala. --- Hendricks-Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated the sale of Oaks at Springville Apartments, a 232-unit apartment community located in Birmingham, for $5.1 million. David Etchison, senior associate and David Oakley, senior vice president of Hendricks-Berkadia Alabama office negotiated the sale representing the seller, Outland Investments, LLC, an Alabama limited liability company, based in Birmingham. Oaks at Springville, constructed in 1973, has a total of 203,230 square feet of rentable living space with one- and two-bedroom apartments. The buyer was The Oaks HLD, LLC, based in San Diego, Calif.