Berkadia Negotiates Sale of 182-Unit Multifamily Property in St. Louis | REBusiness Online
ST. LOUIS – May 03, 2017 – Berkadia today announced the sale of Beau Jardin, a multifamily property in St. Louis. Director Andrea Kendrick completed the sale on behalf of the seller, Corbeil Equities, LLC. The buyer was PC Beau-Jardin LLC, and the deal closed on April 4.
“Beau Jardin was owned by Corbeil Equities for 20 years, only the second owner since the property was built,” said Kendrick. “About 85 percent of the unit interiors were recently renovated, and the property has been exceptionally managed and maintained overall. The purchase marked the buyer’s second acquisition in St. Louis and was an attractive investment due to the property’s proximity to major employment and retail in an already strong submarket of St. Louis.”
The 182-unit property features one- and two-bedroom apartments with large private patios, spacious floor plans and oversized closets. Community amenities include a resort-style swimming pool, lighted tennis courts, a playground, a private dog park, a renovated fitness center with a sauna and beautifully landscaped courtyards.
Built in 1963, Beau Jardin is located at 10347 Sannois Drive, affording convenient access to North Lindbergh Boulevard. and Olive Boulevard. The property is also within walking distance of Monsanto’s World Headquarters and the Donald Danforth Plant Science Center. Top employers in the area include Barnes-Jewish West County Hospital and Mercy Hospital.