Berkadia, a leading commercial real estate company, has successfully completed the sale of Lynn Town Apartments in St. Louis, Missouri. The 144-unit garden-style multifamily property was sold by the original developer after 60 years of consecutive ownership.
The sale was led by Managing Directors Andrea Kendrick and Ken Aston, along with Senior Director Bobby Mills on behalf of the seller. According to Kendrick, “Lynn Town presented an excellent opportunity for the buyer to acquire a well-maintained community with strong performance and potential for rent increases.” Located at 9675 Muriel Ave in St. Louis’ airport submarket, Lynn Town offers convenient access to HWY 70 and is centrally located near major employment centers such as Boeing’s defense headquarters.
Built in 1963, Lynn Town features a mix of townhome units that are currently fully occupied. The recent announcement from Boeing regarding their $1.8 billion expansion in St.Louis will bring an additional 500 jobs to the area further boosting its appeal as an investment opportunity.
This successful transaction highlights Berkadia’s expertise and commitment towards delivering exceptional results for our clients within the commercial real estate market.
