St. Louis Office

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Brookside Commons, a 210-unit, 2022-2023 built apartment community located in booming Kansas City, MO. The asset is ideally situated less than 8 minutes from Country Club Plaza in the heart of Kansas City, MO, providing tenants with exceptional access to upscale retail centers, major employers, and desirable community amenities. Strategically positioned in the hub of the infill Brookside Medical Corridor, Brookside Commons enjoys the advantages of a low-density multifamily area, with only one other Class A property within a 1-mile radius. Henceforth, arriving to market on the tailwinds of a successful lease-up, the forthcoming investor stands to gain from substantial organic growth on second-generation leases, as the property has realized an average 0% Loss-to-Lease on the last 50 move-ins.

The subject site is a unique opportunity to acquire a suburban multifamily development site that has LCRA abatement approval for development with 320 units. The 28-acre site is currently developed with a former golf driving range and building with an asphalt paved parking lot. The site is level and is mostly a grass field. The property is located in an area that is truly superior in terms of accessibility, demographic profile, and proximity to amenities and upscale housing. The site is located near State Line in Missouri, less than one mile east of the Leawood, Kansas, and just north of Loch Lloyd. The immediate area consists of several national retailers along primary thoroughfares. The site is located along "Main Street" in Martin City and has access from East 135th Street, which is a primary roadway in the area.

The Vlasis Park land parcel is a unique, one-of-a-kind opportunity to acquire a premier development site that has been approved for multifamily development. The site consists of three contiguous parcels that total 4.72 acres and the site is vacant and ready for development. The property is truly superior in terms of its West County location, accessibility, demographic profile, and proximity to amenities and upscale housing. The site is located at the northwest corner of the signalized intersection of Manchester Road and Seven Trails Drive, with frontage on four roadways and adjacent to Vlasis Park. Manchester Road is one of the most heavily traveled roadways in the St. Louis MSA with traffic counts at +/- 40,000 vehicles per day at the subject site. The immediate area consists of most national retailers along Manchester Road and residential uses in the secondary positions. The site is located in the Ballwin Multifamily Submarket, which is one of the leading submarkets in the MSA with 5,988 units, effective rent at $1,295/month or $1.40/sf, YOY rent growth at 9.0%, and 97.6% occupancy.