Investment Overview

Marcus & Millichap is pleased to present Suburban Heights Apartments in Kinloch, MO in St. Louis County. The property consists of 104 units that were constructed in 1969 and completely rehabbed between 2012-2016. There are (8) one bedrooms, (49) two bedrooms, and (47) three bedrooms. The average unit size is 788 square feet bringing the total rentable square footage to 81,900. The property is completely fenced in and has electronicly operated gates that were replaced in 2015. During the rehabbed, over $3,600,000 was invested into the property, more information can be found on page 8 of this offering memorandum. The property is nearly completely occupied with only two vacancies outside of the two units being used for an office and a model unit. The community is located near the St. Louis Lambert Airport allowing tenants with the easy access to a large amount of employment. NorthPark Partners has recently developed an entire industrial park and brought over 5,000 permanent jobs within 5-minutes of Suburban Heights. Furthermore, within a 2-mile radius there is 5.5 million square feet of industrial space, 2.6 million of which has been built between 2010 and present.