Map pin7851 Bandero Dr, Saint Louis, MO, 63111-4032, US

Fountains at Carondelet | St. Louis, MO | Multifamily

Fountains at Carondelet  |  St. Louis, MO  |  Multifamily_Property for Sale

Attributes

Units
328
Buildings
11
Floors
2 floors
Occupancy
33.23%
Building area net
260,629 sf
Land area gross
9.97 acres
Parking spaces
419
Call for offers
08/05/2024

Asset description

CREXI and Jones Lang LaSalle (“JLL”) are pleased to offer the opportunity to acquire the fee-simple interest in an approximately 33% occupied (as of 5/25/2024) 260,000 SF multifamily property located in St. Louis, MO, known as Fountains at Carondelet (the “Property”). Constructed in 1971, the two-story, eleven-building property contains 328 units and is situated on a 9.97-acre site. The Property is located at the intersection of I-55 and Germania Ave and is less than a mile away from Carondelet Park.


Featuring the iconic Gateway Arch, the Property is located in St. Louis, MO, a prominent city home to approximately 300,000 residents and 7 Fortune 500 companies. Positioned 8 miles south of downtown, the Property is well-located along I-55, a major transportation artery in the mid-west. Additionally, the Property is situated in Carondelet, a historic neighborhood, and benefits from proximity to major employers, such as the River City Casino, Lemay Plant, and Riviana Foods.

...

Investment highlights

  • 328-Unit, 11-Building Multifamily Property
  • Receivership In-Place
  • Value-Add Opportunity through Strategic Lease-Up
  • Well-Located along I-55 with Easy Access to Stores & Community Amenities
  • In-Place Swimming Pool Infrastructure
Fountains at Carondelet  |  St. Louis, MO  |  Multifamily 4_Property for Sale
Fountains at Carondelet  |  St. Louis, MO  |  Multifamily 4_Property for Sale
Fountains at Carondelet | St. Louis, MO | Multifamily (0 Properties)

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Last updated
Jul 18, 2024