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Campus Lake Apartments 1100 Campus Lake Dr 36 Unit Apartment Building $8,143,000 ($226,194/Unit) 7.25% Cap Rate Cottleville, MO 63376
EXECUTIVE SUMMARY
• Property Type: Purpose-built student housing for St. Charles Community College (SCC); Constructed in 2020
• Total Units/Beds: 36 units / 117 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: 7.25% on 2024 NOI | 7.3% on 2025 projected NOI
• NOI (2024): $590,386.88 | Projected NOI (2025): $594463
• Sale Price: $8,590,000
• Total Units/Beds: 36 units / 117 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: 7.25% on 2024 NOI | 7.3% on 2025 projected NOI
• NOI (2024): $590,386.88 | Projected NOI (2025): $594463
• Sale Price: $8,590,000
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Double Vanities
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Furnished Units Available
- Trash Pickup - Curbside
- Walking/Biking Trails
- Community-Wide WiFi
- Lounge
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 23 | - | 500 |
| 4+1 | 12 | - | 700 |
| 1+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 3-0104-0353-00-0002.0000000 | Improvements Assessment | $0 |
| Land Assessment | $9,680,400 | Total Assessment | $9,680,400 |
PROPERTY TAXES
Parcel Number
3-0104-0353-00-0002.0000000
Land Assessment
$9,680,400
Improvements Assessment
$0
Total Assessment
$9,680,400
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Campus Lake Apartments | 1100 Campus Lake Dr
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