3582 PERSHALL ROAD | ST. LOUIS, MO 63135

Visit Doc Center

Executive
Summary

Berkadia is pleased to present the exclusive opportunity to acquire The Knolls, a 112-unit, 100% townhome community located in North St. Louis County.

Situated on 11.6 acres immediately south of Interstate 270 and adjacent to St. Louis Community College-Florissant Valley, The Knolls offers a differentiated housing product in a highly accessible, established suburban location.

Visit Doc Center

Investment Highlights

1

Distinctive 100% Townhome Community:

The Knolls consists entirely of large two- and three-bedroom townhome residences with an average unit size of 1,493 square feet, providing a differentiated alternative to conventional apartment communities in North St. Louis County.

2

Accessible North St. Louis County Location:

Positioned just south of I-270, The Knolls provides convenient access to I-70, I-170, Highway 67, Lambert St. Louis International Airport, and Downtown Clayton, a premier Class A business district.

3

Proximity to Education, Healthcare, Employment, and Retail: 

The property is adjacent to St. Louis Community College – Florissant Valley and near Christian Hospital, University of Missouri-St. Louis, Boeing’s Defense HQ, and the established Florissant Avenue/I-270 retail corridor.

4

Boeing Defense Headquarter Expansion Adjacent to Lambert St. Louis International Airport:

Boeing’s expansion is projected to cost $1.8 billion and finished between 2026-2030. The multiphase development is expected to add 1.1 million square feet of advanced aircraft assembly and create approximately 500 new jobs.

5

Positive Multifamily Fundamentals:

The Florissant/North County submarket has demonstrated durable operating performance, with average effective rents of $1,060 per unit and 5.3% year-over-year rent growth. Average occupancy remains strong at 94%

6

Established Amenity Package: 

Community amenities include a seasonal swimming pool and sundeck, outdoor party pavilion, playground, walking trail, and available covered carports.

7

Multiple Paths to Increased Revenue: 

A new owner may pursue additional income through strategic rent optimization, unit renovations, enhanced resident services, carport and parking revenue, and washer/dryer programs.

8

Irreplaceable Below-Replacement-Cost Townhome Opportunity in a Supply-Constrained Submarket:

The Knolls offers investors the opportunity to acquire a 112-unit community on more than 11 acres in an established North St. Louis County submarket where comparable rental supply is limited. Offered at pricing well below replacement cost, The Knolls provides a compelling basis with durable competitive advantages and meaningful long-term value potential.

LOCATION

Contact

Investment Advisors

Andrea Kendrick
Managing Director
314.984.5591
[email protected]
MO RE License #2007030450

Ken Aston
Managing Director 314.984.5590 [email protected]
MO RE License #2013008591

Mortgage Banking

Kevin Kozminske
Senior Managing Director
314.984.5514
[email protected]

Pat Garlich
Director
314.984.5536
[email protected]

Cortney Mauldin
Managing Director
314.322.3463
[email protected]

Visit Doc Center

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.  

​© 2026 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

2026 © Berkadia - All rights reserved.