- A+ Trophy Asset in Unrivaled Location
- Proven Value-Add Upside of $465+/Unit
- Incredibly Strong Surrounding Demographics
- Largest Asset in Supply-Constrained Submarket
- Offered Free and Clear of Existing Debt
TOP-TIER TROPHY ASSET IN TRULY IRREPLACEABLE LOCATION
The city of Kirkwood is known for its high property values, quality school system and ultra-safe neighborhood that’s incredibly well maintained, and Kirkwood Station Plaza is certainly no exception. Further, the commanding submarket is a growing progressive community with a strong, diversified economy and an exceedingly high quality-of-life relished by locals.
PROVEN VALUE-ADD UPSIDE OF $465+/UNIT (MONTHLY)
Kirkwood Station Plaza has realized a substantial return on investment through various iterations of unit and amenity upgrades and modernization. The proven value-add is a tribute to high-flying success of the current business plan with significant opportunity still on the horizon for new ownership, who will benefit from the ability to continually capture remarkable rent upside of $465+ per unit upon completion of moderate interior updates and cosmetic improvements when coupled with continuity of the stabilized operations in place. Upgraded bathrooms, kitchens, cabinetry, countertops, and appliances in conjunction with the installation of new vinyl flooring and upgraded lighting packages, will provide the rare ability to capture remarkable rent upside and drive outsized returns.
INCREDIBLY STRONG SURROUNDING DEMOGRAPHICS
Kirkwood Station Plaza embodies the best aspects of urban living as the property is nestled in the heart of the town square and serves as the main gathering point of the entire city. This walkable location offers residents unmatched access to unique retail, both fine dining and casual restaurants, fitness facilities, boutique shopping, and an array of lifestyle amenities. Given the walkability and convenience of the neighborhood, the asset has a natural appeal to the younger generation of urban professionals seeking a lifestyle of ease, connectivity, and optimal convenience with top-tier amenities in one of the very best areas around. Further, the demographic area surrounding the property reflects an affluent and highly educated population that continues to drive strong overall apartment fundamentals.
