Location
GALLERY
Property
Opportunity
DOCUMENT CENTER
PRIVACY
TERMS OF USE
THE Opportunity
Berkadia is pleased to present the exclusive opportunity to acquire The Row, a premier townhome student housing community at the University of Missouri’s flagship campus in Columbia, MO, commonly referred to as Mizzou. Built in 2005 and meticulously maintained, The Row features 82 individual 4-bedroom townhome units (328 total beds) of 1,800 SF each. The townhomes vary between 3 bath (The Mizzou) and 2.5 bath (The CoMo) options, feature dedicated 2-car attached garages, include in-unit washer & dryer and come fully furnished. Amenities include private bus transportation to campus, a swimming pool, picnic and grilling areas with cornhole, a dog park, an Amazon Hub Apartment Locker and an on-site leasing office with coffee bar. Current occupancy at The Row is 99.4% (326/328 beds as of 12/4/24). New market rents for the 2025/26 academic year have increased by $40 per bed (6.5%) for The CoMo floor plans and $40 per bed (6.4%) for The Mizzou floor plans.
This exceptional asset offers a location just 8 minutes southeast of campus and just 4-5 minutes southeast of major retailers along E Nifong Boulevard (Hy-Vee Grocery Store, Starbucks, Buffalo Wild Wings, Kohl’s and Westlake Ace Hardware) and Grindstone Parkway (Walmart Supercenter, Jersey Mike’s Subs and First Watch). Just 7 minutes from the property are Mizzou’s Faurot Field at Memorial Stadium (football) and Mizzou Arena (men’s & women’s basketball). On November 30, 2024, Mizzou began its $250 million Memorial Stadium Centennial Project, a major renovation project set to be completed in time for the 2026 football season.
The University of Missouri welcomed 31,543 students in fall 2024, including 24,449 undergraduate and 7,094 graduate or professional students. The university has experienced steady enrollment growth, increasing 5.0% since 2019. First-time freshman totaled 6,128 students, increasing 9.2% annually. Immediate and near-term upside at the property can be achieved through operational expense cost cutting measures and strategic in-unit renovations. Berkadia proposes spending $15,000 per unit in pursuit of roughly $250 rent premiums, translating into a nearly 20% return on cost. The offering is being made free and clear of existing financing, allowing the next purchaser the opportunity to structure new financing.
Visit Doc Center
Visit Doc Center
82
UNITS
328
BEDS
2005
YEAR BUILT
1,800
Average SF
$2,104/$1.17SF
CURRENT AVERAGE IN-PLACE RENT
Community Amenities
Complimentary Resident Shuttle to Mizzou
Internet Included
Resort-Style Pool
Picnic/Grilling Area
Cornhole
Hammock Garden
Off-Leash Dog Park with Agility Obstacles
Complimentary Coffee Bar
On-Site Leasing Office
Business Center
Amazon Hub Package Lockers
Complimentary Preventative Pest Service
Lawn Care/Lush Landscaping
Fully Furnished Townhomes
Attached, Direct Access Two-Car Garages for Every Unit
Full Size Washer & Dryer Included
Spacious Closets with Built-In Shelving
Wood-Style Flooring
Breakfast Bar
Open Concept Kitchens
Multi-Speed Ceiling Fan
Roommate Floor Plan Options
Gorgeous Kitchens with Oak Cabinets
Water / Sewer / Trash Included in Rent
Unit Amenities
LOCATION
PHOTO 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.
Michael Spero
Senior Director 913.9680.8698 michael.spero@berkadia.com MO CRE# 2016012744
FINANCING:
Kevin Larimer
Senior Managing Director - Student Housing 248.341.3305 kevin.larimer@berkadia.com MI DRE 6501259415
Investment Advisors:
4800 Main Street Suite 501 Kansas City, MO 64112
CONTACT Info
Brandon Buell
John Schorgl
PROPERTY SUMMARY
Visit Doc Center
Visit Doc Center
Niko Vrentas
Associate Director 913.991.0707 niko.vrentas@berkadia.com MO CRE# 2023019061
Kevin Larimer
Senior Managing Director - Student Housing 248.341.3305 kevin.larimer@berkadia.com MI DRE 6501259415
Brandon Buell
Senior Managing Director - Student Housing 346.444.8982 brandon.buell@berkadia.com TX DRE 617983
John Schorgl
Managing Director 913.209.9815 john.schorgl@berkadia.com
Simon Rodewald
Financial Analyst 682.552.5468 simon.rodewald@berkadia.com MO CRE# 2023033508
Investment Advisors:
4800 Main Street Suite 501 Kansas City, MO 64112
BERKADIA KANSAS CITY OFFICE
Visit Doc Center
Visit Doc Center
Location
Amenities
The Opportunity
DOC CENTER
Terms of Use
Privacy
Photo Gallery
Contact
THE PROPERTY
INVESTMENT HIGHLIGHTS
THE OFFERING
DOC CENTER
Terms of Use
Privacy
Photo Gallery
Contact
