Property History
The Property is situated just outside of the downtown St. Louis central business district, in the city’s central corridor, which is in the midst of a $10 billion tech and healthcare-related development boom. The location benefits from outstanding access to transportation, with the city’s two main east/west interstate highways. St. Louis’ greatest assets are concentrated in this corridor, including nationally recognized institutions in healthcare, education and research, culture, entertainment, along with the best urban neighborhoods.
The offering of this property presents investors with a unique opportunity to acquire a well-stabilized asset in one of the region’s most- flourishing areas anchored by major employers, higher education, healthcare, entertainment and nightlife.
- STRATEGIC LOCATION Located directly in the heart of The Grove, an eclectic, yet established business and entertainment district adjacent to iconic Forest Park and renowned institutions such as Washington University, BJC Healthcare, St. Louis University, St. Louis Children’s Hospital, St. Louis College of Pharmacy, and the acclaimed Cortex Innovation Community.
- VALUE-ADD OPPORTUNITY IN BOOMING AREA Rental rates for the commercial spaces and the residential units are below-market which presents the opportunity to raise the rents significantly.
- QUALITY CONSTRUCTION Built in 2016, consisting of 20 spacious residential units, two commercial retail units, and enclosed structured parking.
- MODERN DESIGN WITH HIGH-END FINISHES Brick, metal, and composite exterior finishes complement granite counter
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