1100 Campus Lake Dr - Apartments FOR SALE


Cottleville, MO 63376
$8,590,000 USD
636-949-9797
1100 Campus Lake Dr, Cottleville, MO for Sale
$8,590,000 USD
Apartments - FOR SALE
1/23
null | 6.87% Cap Rate

1100 Campus Lake Dr
Cottleville, MO 63376


OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$8,590,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

36

PRICE/UNIT

$238,611

CAP RATE

6.87%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Campus Lake Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

3-0104-0353-00-0002.0000000

ASK ABOUT THIS PROPERTY

Joe SchneiderSchneider Commercial PartnersMore Info
636-949-9797

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Joe SchneiderSchneider Commercial PartnersMore Info
636-949-9797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.