100% Highly Desirable Two- and Three-Bedroom Townhomes
One of the Largest Unit Sizes in St. Louis MSA (Avg 1,493 SF)
Adjacent to St. Louis Community College and Brand New SSM Health Cardinal Glennon Children’s Pediatric Urgent Care Facility
10 Minutes from Lambert St. Louis International Airport
Close to Employment: Express Scripts World HQ, Boeing Defense HQ, University of Missouri-St. Louis, Christian Hospital
Boeing Defense HQ Recently Announced $1.8 Billion Expansion Plus 500 New Jobs (Located 10 Minutes from The Knolls)
Offered Free & Clear or Assume Existing Fannie Mae Loan
Investment Highlights
# of total units: 112
Style: townhomes
Distance from city’s center: 14 minutes NW of Downtown St. Louis
Location: just south of Interstate 270 and west of St. Louis Community College - Florissant Valley, between N Elizabeth Ave and W Florissant Ave
Year built: 1970
# of total buildings: 16
# of stories/floors in each building: three and six story
Exterior building materials: brick and siding
Roof type: pitched roofs with composition shingles
Acres of land: 11.64 acres
Density: 9.62 units per acre
Pets allowed: yes
Major street exposure: I-270 and Pershall Road
Property Description
92 two-bedroom units measuring between 1,388 and 1,518 square feet
20 three-bedroom units measuring 1,577 square feet each
Average unit size of 1,493 square feet
Unit Mix
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Community Amenities
LOCATION
GALLERY
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.
CORTNEY MAULDIN
Director, Mortgage Banking – FHA/HUD
314.984.5516
cortney.mauldin@berkadia.com
PAT GARLICH
Director, Mortgage Banking – FHA/HUD
314.984.5590
pat.garlich@berkadia.com
MORTGAGE BANKING
KEVIN KOZMINSKE
Senior Managing Director, Mortgage Banking – FHA/HUD
314.984.5514
kevin.kozminske@berkadia.com
BOBBY MILLS
Senior Director
314.984.5505
bobby.mills@berkadia.com
ANDREA KENDRICK
Managing Director
314.984.5591
andrea.kendrick@berkadia.com
KEN ASTON
Managing Director
314.984.5590
ken.aston@berkadia.com
Investment Sales
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112 UNITS
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Executive Summary
Berkadia is pleased to present the exclusive offering of The Knolls, a 112-unit, desirable townhome community located in St. Louis. The property offers investors the opportunity to purchase a 100% townhome community with one of the largest average unit sizes (avg 1,493 SF) in the St. Louis MSA. With its prime location along I-270, strong rental demand, and attractive unit features, The Knolls offers the potential for significant returns and long-term value appreciation.
The Knolls prides itself on its condo-like atmosphere with private entries and unique multi-level floor plans. It features well-maintained grounds, outdoor amenities, and proximity to key retail and employment centers which make it an appealing choice for tenants seeking a high-quality residential experience.
The location in North St. Louis County submarket has excellent visibility along I-270 and very easy access to major highways including I-70 and I-170. This stretch of I-270 is a major retail hub offering over 750,000 SF of stores and restaurants. Nearby employment centers include Express Scripts World HQ, Boeing Defense HQ, University of Missouri-St. Louis, Christian Hospital, SSM Health Cardinal Glennon’s brand new pediatric urgent care facility and the growing St. Louis Community College-Florissant Valley campus. Boeing recently announced a $1.8 billion expansion that would bring an additional 500 new jobs to their headquarters and is located 10 minutes from The Knolls.
The Knolls is being offered free and clear or buyers have an option to assume the existing Fannie Mae loan with an approximately $6.5 million balance, interest rate of 4.93%, and maturity date of 01/01/2031.
The St. Louis market’s robust rental market provides a favorable environment for sustained occupancy and rent growth. By implementing strategic improvements in unit renovations, resident services, and operational efficiency, The Knolls will continue to experience strong occupancy and rent premiums and establish itself as the premier residential community in the North St. Louis County submarket.
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Seasonal Swimming Pool with Sundeck
Outdoor Party Pavilion
Playground and Scenic Walking / Jogging Trail
Professional Management Team
24-Hour Emergency Maintenance
Package Receiving
Plenty of Convenient, On-Site Parking and Covered Carport Parking is Available
Beautifully Landscaped with Manicured Grass, Mature Trees, Trimmed Shrubs, and Flowering Plants
Online Resident Portal / Smartphone App with Rent and Maintenance Request Acceptance
On the Metro Bus Line with a Stop in Front of the Property
Close to Parks, Lakes, Golf Courses, Schools, St. Louis Community College - Florissant Valley, Stores, Restaurants, and Entertainment Options
Convenient Access to Interstate 270, State Route 367, U.S. Highway 67, Metro Train Station, St. Louis Lambert International Airport, University of Missouri-St. Louis, and Downtown St. Louis
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Three and six level Townhome Floor Plans with a Den and Recessed Living Room
Fully Equipped Kitchen with Electric Stove, Refrigerator, Dishwasher, Dining Area, and Plenty of Cabinet and Counter Space, Custom Oak Cabinetry, Wood-Style / Vinyl Flooring, Carpeting, Lighted Ceiling Fans, and Mini / Vertical Blinds
Full Size Bathroom with Tub and Shower Combination and Downstairs Powder Room
Large Windows, Walk-In Closets, and Generous Storage Space
Private Patio / Balcony with Sliding Glass Doors and Private / Semi-Private Entry
Washer and Dryer Connections with Rentals Available
Select Units Feature Woodburning Fireplace, Courtyard Views, and Updated Flooring
Central Air Conditioning / Heating, Cable TV Ready, Satellite TV Available, and High-Speed Internet Access
Unit Amenities
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3582 Pershall Road | St. Louis, MO 63135
The Knolls
3582 Pershall Rd, St Louis, MO 63135
The Knolls
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