St. Louis Office

Auction Dates: November 14th - 16th, 2022

Tour Dates: Contact CW team November 14th - 16th, 2022

Lender Owned Property Being Sold at Auction

Rudman On The Park is being offered for sale as a distressed property directly from the lender.

Value add from converting vacant office space to multifamily and and leasing the vacant retail space

The property has 27,000 SF of office space on levels two and three that can be converted to apartments. Below market rents in place with $200-$300/month increase potential. There is also 10,272 SF of retail space that is currently vacant and available for lease.

Momentum In The City

St. Louis City is in the midst of a renaissance that is reigniting the growth and vibrancy of the urban core. Over the past 24 months, more than $300 million in development was completed in Downtown alone. The community is benefiting from public and private investment with over $5 billion being invested since 2000.

INVESTMENT HIGHLIGHTS

Partially Renovated with Remaining Upside

Close to Amenities & New NGA Campus

Strong Employment Centers

Growing Market Fundamentals

Average rents in St. Louis increased by 8.9% from 2021 to 2022 with average occupancy at a historic high level 92.3%

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the MacDonald Building, located in St. Louis, Missouri. This asset is desirably positioned in an Opportunity Zone, at the corner of Washington Avenue and North 18th Street, and in the heart of a developing area just east of the new St. Louis CITY SC MLS Stadium (Delivery 2023).

The property is being offered for sale as a re-development opportunity with Federal and State Historic tax credits and a 10-year abatement secured and in place. As proposed, the property will include 71-units with garage parking and potential for rooftop amenities.

The existing building has been well maintained and can also be purchased as is for office or creative space use.

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit Brandywine Crossing apartment community located in northwest Peoria, Peoria County, Illinois.  This asset is embedded in a lifestyle retail district and is less than five miles from Peoria’s top employers, including the medical district, downtown, and riverfront. Built in 1969, Brandywine Crossing offers an outstanding opportunity to benefit from proven value-add upside in Peoria’s strong multifamily market.

Cushman & Wakefield is pleased to present the exclusive listing of PW Shoe Loft Apartments located in St. Louis, MO. Consisting of 34 lofts and approximately 9,100 square feet of ground-level retail space, PW Shoe Lofts is a luxury loft-style apartment building offering significant value-add and appreciation potential in the high growth central corridor of the St. Louis Metro.

The asset is offered free and clear of debt and is strategically positioned adjacent to St. Louis University, offering high-end lofts for students and other residents searching for a live/work/play environment. In addition to being fully occupied with an extensive waiting list, PW Shoe Lofts arrives with excellent historical financial performance and an unmatched location surrounded by countless amenities and top employment centers.