Villas at Brentwood
331‑Unit Upscale Apartment Community in One of St. Louis's Most Affluent Submarkets
Marketing description
CBRE is pleased to present the opportunity to acquire Villas at Brentwood (“The Property”), an upscale 331-unit apartment community built on a large 7.292 acre tract located in Brentwood, Missouri. The Property was constructed in 2005 and benefits from an outstanding location and is surrounded by some of the best shopping, and dining options and access to parks, trails and recreation.
The property is situated in Brentwood, nestled among three of St. Louis’ most esteemed neighborhoods: Clayton, Ladue, and Richmond Heights. Within a one-mile radius, the area boasts an impressive average household income of $164,610 and an average home value of $476,265.
Villas at Brentwood offer contemporary living in spacious one, two and three-bedroom floor plans. The units are thoughtfully designed using GE Slate appliances, custom-built wine racks, elegant archways and coffered 10’ ceilings. Each home is equipped with in-unit full-size washers and dryers and plentiful storage.
The Property provides residents with best-in-class community features, including a resort-style pool, state-of-the-art fitness center, business center and attached parking garage.
Located in the highly desirable Mid St. Louis county, Villas at Brentwood is just minutes away from high-end shopping, food and retail, including Whole Foods, Traders Joe’s, Target, REI, and the Container Store. The Property is only minutes from Clayton’s Central Business District, the premier office market in St. Louis, with more than 7 million square feet of office space, 1 million square feet of retail and 45,000 employees.
Villas at Brentwood is being sold unpriced on a free and clear basis. A call for offers date will be announced during marketing.
Investment highlights
- Opportunity to acquire Class A core plus investments, significantly below replacement cost
- 331-units built in 2005 located in Brentwood, Missouri
- Built on a large 7.292 acre tract / 45 units/acre density
- Phenomenal demographics with Average Household Income of $164,610 and Average Home Value of $476,265 (1 mile)
- Opportunity to push rents to market through continued unit upgrades
- Potential to charge for garage parking (market rates are currently $75-$150/space/month)
- Extremely high barrier to entry market for new construction multifamily product due to limited land availability
- Prime location between Whole Foods and Trader Joe’s in a vibrant retail corridor
- Elegant interiors with 10’ ceilings, custom crown molding, elegant archways and coffered ceilings
- Amenities including resort-style pool, fitness center and community clubhouse
- Mid County continues to be one of the strongest St. Louis submarkets boasting the highest average rent per unit. Current Mid County submarket rent is $1,833 which is well above market-wide average of $1,391*
- Strong income-to-rent ratio supports rent growth opportunities
- Minutes away from high-end shopping, food and retail
- Located in the Brentwood School District, a National Blue Ribbon School
- Core location with proximity to major employers in the Clayton CBD including Centene, Enterprise and Caleres
- Located at the confluence of I-64/Hwy. 40, I-170 and Brentwood Blvd., providing easy access to Clayton, Downtown St. Louis and the St. Louis Lambert International Airport
- Free & clear offering allows maximum flexibility in structuring an acquisition
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