873 Units | 1976 Year Built | 94% Occupancy | 839 Avg. SF
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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.
© 2024 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.
4445 Willard Ave., Suite 1200 Chevy Chase, MD 20815
Investment Sales
DC METRO
CONTACT Info
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Mortgage Bankers
Brian Crivella Senior Managing Director
301.580.6685
brian.crivella@berkadia.com
Yalda Ghamarian
Senior Director
240.462.2332
yalda.ghamarian@berkadia.com
PROPERTY FEATURES
On-Site Laundry Facilities
Plenty of Convenient, On-Site Parking
Lushly Landscaped with Manicured Grass, Mature Trees, Trimmed Shrubs, and Flowering Plants
Close to Parks, Schools, Stores, and Restaurants
Convenient Access to Interstate 70, State Route 79, Saint Charles Community College, St. Louis Lambert International Airport, and Downtown St. Louis
*In Select Units
Community Amenities
232 Amber Crest Dr O'Fallon, MO 63366
Amber Court
Spencer Creek
Amber Court
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Property Description
# of total units: 87 Distance from city’s center: 1 mile north of the city’s center (O'Fallon) and 34 miles NW of Downtown St. Louis Year built: 1987 # of total buildings: 12 # of stories/floors in each building: one story Building materials: frame Exterior building materials: brick and siding Roof type: pitched roofs with composition shingles Acres of land: 5.88 acres Density: 14.80 units per acre Major street exposure: Tom Ginnever Ave
Unit Mix
30 studio units measuring 389 square feet each
46 one-bedroom units measuring 492 square feet each
11 two-bedroom units measuring between 860 and 895 square feet
Average unit size of 507 square feet
Mini Blinds
Large Windows
Private Patio
Private Entry
Washer and Dryer Connections (in Most Units)
Air Conditioning / Heating, Cable TV Ready, and High-Speed Internet Access
Unit Amenities
Swimming Pool with Sundeck
Community Room
Laundry Facilities
Covered Community Mailbox Area
Plenty of Convenient, On
Site Parking
Controlled Access
Lushly Landscaped with Manicured Grass, Mature Trees, and Trimmed Shrubs
Within Walking Distance of Covenant Park, Spencer Walking Trail, Stores, and Restaurants
Convenient Access to Interstate 70, State Routes 94 and 364, Lindenwood University, St. Charles
Community College, St. Louis Lambert International Airport, and Downtown St. Louis
# of total units: 240 Distance from city’s center: 4 miles SE of city’s center (St Peters) and 27 miles NW of Downtown St. Louis Year built: 1976 # of total buildings: 15 # of stories/floors in each building: two story Building materials: masonry Exterior building materials: brick and siding Roof type: mansard-stye / flat roofs with shingled overhangs Acres of land: 9.74 acres Density: 24.64 units per acre Major street exposure: Jungermann Rd
121 one-bedroom units measuring 720 square feet each
119 two-bedroom units measuring 860 square feet each
Average unit size of 790 square feet
*In Select Units
Community Amenities
Kitchen with Refrigerator, Electric Stove, Dishwasher, Dining Area, Pantry, and Plenty of Counter and Cabinet Space
Full Size Bathroom with Tub and Shower Combination
Plush Carpeting, Wood-Style Flooring, and Mini / Vertical Blinds
Walk-In Closet
Semi-Private Entry
Patio / Balcony with Sliding Glass Doors
Air Conditioning / Heating, Satellite TV Available, and High-Speed Internet Access
Unit Amenities
Property Description
Unit Mix
304 Donner Pass St Peters, MO 63376
Spencer Creek
DALE FOREST
Brightwood Forest
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Bill Gribbin
Senior Director
301.580.6486
bill.gribbin@berkadia.com
Patrick Mcglohn
Senior Managing Director
301.941.4610
patrick.mcglohn@berkadia.com
Brian Gould
Managing Director
301.941.4616
brian.gould@berkadia.com
14321 Wrangler Ln | Dale City, VA
DALE & BRIGHTWOOD FOREST
DALE FOREST
Brightwood Forest
3397 Babbit Ln | Dale City, VA
OPPORTUNITY TO SEPARATELY OR JOINTLY ACQUIRE AN EXCEPTIONALLY WELL-MAINTAINED VALUE-ADD OFFERING IN ONE OF NORTHERN VIRGINIA’S FASTEST GROWING SUBMARKETS
Robust recent leasing trends signaling the continued out-sized property-level demand at the assets.
Embedded in Thriving Lifestyle Corridor
The Community is just minutes away from several lifestyle shopping centers as well as being adjacent to I-95 and Rippon Station VRE providing multimodal connectivity to all of Northern Virginia’s major employment drivers.
Opportunity for Focused In-Unit Value-Add Execution
Ownership’s recent $18 Million in capital expenditures clears the way to finish the proven value-add program and realize premiums of $200+/unit.
Mission-Eligible Asset
The Community’s rents introduce the possibility for advantageous financing initiatives with 100% of units at 80% or less AMI rents.
Multi-faceted Employment Connectivity
Adjacent to I-95 and just minutes from the VRE, residents are connected to all of Northern Virginia and Washington, DC’s employment hubs.
Exceptionally Strong Submarket Projections
Dale City / Woodbridge submarket has an average yearly rent growth projection of 3.77% through 2029, which is among the highest in the DC Metro area (Costar, Axio, Yardi).
Robust Renter Demographics
Median Household Income is $117,000+ and 63% white-collar employees within a 3-mile radius of the Community.
Below Replacement Cost in a Submarket with Limited Future Deliveries
Despite burgeoning population growth, Dale City / Woodbridge’s multifamily supply has lagged, creating an opportunity to capitalize on the outpacing renter demand.
DALE FOREST
Brightwood Forest
1976-1988 Year Built |
873 Units |
94% Occupancy |
839 Avg. SF
1,487 spaces / 1.70 Total Parking (surface) |
35 total Buildings
732,244 Rentable SF
90 Units |
855 Avg. SF
1990 Year Built |
6 total Buildings
76,950 RENTABLE SF
98% Occupancy |
161 spaces / 1.79 Total Parking (surface) |
Dale Forest
10.9%
6.7%
Brightwood Forest
4.4%
5.0%
New Leases (90-Day)
Renewals
(90-Day)
Advantageous In-Place Debt
Dale Forest ($101,600,000 total loan proceeds) and Brightwood Forest ($9,789,000 total loan proceeds) full term IO with Freddie Mac. Loan is assumable at lender’s discretion.
