5500 Mable Avenue For more information, please visit Saint Louis, MO 63140 www.Suburban.Results-Commercial.com $4,500,000 104 Unit UMSL Student Housing Community AN EXCLUSIVE MULTI-FAMILY OFFERING PAUL CUNNINGHAM PATRICE TENBROEK MULTI-FAMILY INVESTMENT ADVISOR DIRECTOR, COMMERCIAL SERVICES 314.406.4896 314.614.0247
[email protected] [email protected] Property Highlights • 248 Bed UMSL Student Housing • Average Unit Size: 728 Sq Ft • Attractively Priced at $18,145 Per Bed • Gated Controlled Access • Completely Renovated 2013-2016 • 24/7 Recorded Security Cameras • Lowest Rent in Submarket @ $297 per Bed • Onsite Leasing Office • Average Unit Rent: $708/Month • Emergency Maintenance • In-Unit Washer/Dryer in all Units • 95% Occupied TABLE OF CONTENTS 4-10 LOCATION DESCRIPTION 11-19 PROPERTY DESCRIPTION 20-34 FINANCIAL ANALYSIS 35-42 RENT COMPARABLES 43-48 SALE COMPARABLES 49-69 ECONOMIC & DEMOGRAPHIC OVERVIEW Location Description Suburban Heights is conveniently located in northwest St. Louis County with immediate access to I-70 and I-170. The property is only minutes from the University of Missouri – St. Louis and a short commute to Lambert St. Louis International Airport, light rail transit system stations, and top area employers such as Express Scripts, Boeing, and the world headquarters of Emerson Electric. The community is also located only eleven minutes from St. Louis Community College – Florissant. University of Missouri – St. Louis Campus LOCATION DESCRIPTION Suburban Heights Apartments is located at the intersection of Mable and Suburban Avenues, less than 8 miles from Clayton and 13 miles from downtown St. Louis. The property is within close proximity of Interstate 70 and Interstate 170, providing easy commuting throughout the St.