• Property Type: Purpose-built student housing for St. Charles Community College (SCC); Constructed in 2020
• Total Units/Beds: 36 units / 122 beds (designed for up to 131)
• Occupancy: ~98% in 2024, supported by SCC partnership and location
• Structure: All-electric building with a 100 kW solar array (approx. $24,000 annual energy savings)
• Leasehold Interest: Long-term ground lease through 2045 with two 25-year renewal options; SCC handles parking lot and grounds maintenance
• Unit Features: Fully furnished, in-unit laundry, stainless appliances, 55” TVs, high-speed internet
• Amenities: Study lounges, key fob access, community room, outdoor patio, fitness trail, bike racks
• Rental Upside: Rent growth averaging 4–6% annually; projected increase of $25–$50/bed/month by 2026–2027
• Expansion Opportunity: Site can accommodate ±60 additional beds (Phase II) with strong SCC support given enrollment trends and demand
• Exclusive Housing: Only on-campus residential option for SCC (~6,363 students)
• Location Highlights: St. Charles County is Missouri’s fastest-growing county, strong job base, and infrastructure
• Cap Rate: 6.9% on 2024 NOI | 7.2% on 2025 projected NOI
• NOI (2024): $590,386.88 | Projected NOI (2025): $620,522
• Sale Price: $8,590,000