M&M Negotiates $9.7M Sale of Community in Alabama

MOBILE, Ala. — Marcus & Millichap has arranged the sale of Brookside Retirement Community, a 32,200-square-foot seniors housing community in Mobile, AL for $9.7 million.

The community was built in 1998 on a 27-acre plot. The facility includes 84 independent living residences, including 22 single-family homes, a 32-bed assisted living facility and a 16-unit memory care facility.

The buyer and seller were not disclosed.

Marcus & Millichap’s Brooks Minford, Rob Reis and Douglas Danny represented the seller. Broker Eddie Greenhalgh assisted in the transaction.

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