CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire Park Terrace Apartments (“the Property”), a 96-unit, garden-style apartment community situated on 7.32 acres in Fairview Heights, Illinois. Constructed in 1986 the residential property includes 81,720 square feet of rental space with a mix of one and two bedroom units.
Nestled in Fairview Heights in St. Clair County, Park Terrace is located just 1.5 miles from I-64 and provides excellent access to the greater St. Louis region. Fairview Heights appealing for commuters and those seeking a suburban lifestyle while benefiting from the amenities of a larger city. The area’s growing economy and diverse job market further enhance its attractiveness for potential tenants.
Park Terrace is being sold with an attractive assumable debt of 3.805%. A call for offers date will be announced during marketing.
Park Terrace is part of a larger 4-property, 504-unit portfolio. Properties can be purchased individually or as a portfolio.