Berkadia closed the sale of Majestic Stove Lofts, a 120-unit, loft-style multifamily property in St. Louis, Missouri. Managing Directors Andrea Kendrick and Ken Aston and Senior Director Bobby Mills of Berkadia St. Louis led the transaction on behalf of the seller, St. Louis-based Regency Realty Co, LLC.
Majestic Stove Lofts sold to a California-based buyer on July 17. The property was 96 percent occupied at the time of the sale. “The sale of Majestic Stove Lofts represents continued strength in the St. Louis downtown multifamily market,” said Aston. “Our team has led investment apartment sales transactions in downtown for nearly 40 years with more than 60 transactions totaling over $3 billion dollars.”
Located at 2017 Washington Avenue, the property affords convenient access to Highway 44 and 64. Majestic Stove Lofts was built in 2006 and features 120 units with loft-style features.
The post Berkadia Negotiates MF Property Sale in St. Louis appeared first on Connect CRE.
Berkadia closed the sale of Majestic Stove Lofts, a 120-unit, loft-style multifamily property in St. Louis, Missouri. Managing Directors Andrea Kendrick and Ken Aston and Senior Director Bobby Mills of Berkadia St. Louis led the transaction on behalf of the seller, St. Louis-based Regency Realty Co, LLC. Majestic Stove Lofts sold to a California-based buyer …
The post Berkadia Negotiates MF Property Sale in St. Louis appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate