ST. LOUIS – June 15, 2017 –Berkadia today announced the sale of Pheasant Run, a multifamily property in Maryland Heights, Missouri. Managing Director Ken Aston and Director Andrea Kendrick of Berkadia’s St. Louis office negotiated the sale on behalf of the seller, Lipton Group. The deal closed on May 31.
“Pheasant Run had been owned by the seller for more than 25 years,” said Kendrick. “The property was very well maintained, while also being an exceptional value-add opportunity for the buyer. The St. Louis Metropolitan area continues to see strong investor demand for multifamily housing.”
The property features one- and two-bedroom apartment-style units, and two- and three-bedroom townhomes. Unit amenities include walk-in closets, window treatments, carpeting, patios, balconies and entertainment decks. Select units also include fireplaces, washer and dryer units and appliance packages. Residents can enjoy two swimming pools with sundecks, a walking trail around a lake, a professional cardio and fitness center, indoor basketball and tennis courts and a children’s play area.
Pheasant Run is located at 12302 Inletridge Drive, affording convenient access to Highways 70 and 270. Nearby attractions include Creve Coeur Park and Westport Plaza, and downtown St. Louis is located 20 miles southeast.