12 Feb Stone Crossing Apartment Community in Huntsville Sold for $15 Million
A 276-unit apartment community in Huntsville was sold recently for more than $15 million. Commercial real estate company Berkadia said today it has negotiated the sale of Stone Crossing on University Drive to Stone Crossing 2014, LLC, for $15,150,000. The two-story complex was built 30 years ago and features an average unit size of 733 square feet. Managing Director David Oakley and David Etchison, senior director of Berkadia Real Estate Advisors, represented the seller, Engel Stone Crossing, LLC. Stone Crossing, located minutes from Cummings Research Park and Bridge Street Town Centre, has not been renovated since 2009. The garden-style property offers one- and two-bedroom layouts, a clubhouse, fitness center, tennis court, sundeck and swimming pool.