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416 N Kirkwood Rd
Kirkwood, MO 63122
The James · Multifamily Property For Sale
·
152 Units
Investment Highlights
- First new multifamily product in the market since Kirkwood Station Plaza, built in 2004 - No other Class A competition
- Residents of The James have a higher average household income of $242,920 compared to the strong 1-mile area average of $172,015
- Premium amenities and retail, including an on-site restaurant operated by an experienced local group
- Located in the coveted A+ Rated Kirkwood School District (Ranked #3 Best School in Missouri - Niche)
- Exceptional operating performance: 4.8% rent growth on renewal, 6.0% on tradeouts, 5.2% blended rent growth, 65.6% resident retention
- Outstanding live-work-play location, within walking distance to retail including restaurants, bars, shopping and art galleries
Executive Summary
CBRE is pleased to offer for sale The James, a brand new Class-A multifamily property located in the heart of Kirkwood, Missouri.
This offering presents a rare chance to acquire the first new multifamily development in Kirkwood since 2004. Positioned in one of the region’s most desirable zip codes, Kirkwood is known for strong demand and limited supply.
Since opening its doors in February 2024, the property has experienced strong leasing momentum, surpassing 90% leasing by January 2025 and sustaining an average leasing rate of 96%, contributing to outstanding financial performance.
The luxury property features 152 spacious units with studio, one-, two-, and three-bedroom floor plans. The James sets a new standard for apartments in the St. Louis area, offering high-quality finishes and thoughtfully designed residences. Each home showcases elegant kitchens with quartz countertops, stainless steel appliances, and custom cabinetry, along with oversized walk-in closets, 9-foot ceilings, private balconies, in-unit full-size washers and dryers, and modern bath finishes. Blending energy-efficient design with upscale details, The James delivers a premier living experience that balances sophistication and sustainability.
The modern common areas are of exceptional quality and are unmatched in the area. Amenities include a stunning outdoor courtyard with pool, modern fitness center with yoga rooms, community room, business center with offices and private dining, clubroom and pet spa.
Kirkwood is a rapidly evolving “live-work-play” submarket featuring a vibrant and growing base of dining, entertainment and shopping venues, allowing residents to experience an urban lifestyle in a charming suburban setting.
The James offers 6,992 sq. ft. of retail space on the first floor of the property, a unique building amenity. The spaces are currently leased to Napoli Group and UMB Bank.
The James is being sold unpriced on a free and clear basis. A call for offers date will be announced during marketing.
This offering presents a rare chance to acquire the first new multifamily development in Kirkwood since 2004. Positioned in one of the region’s most desirable zip codes, Kirkwood is known for strong demand and limited supply.
Since opening its doors in February 2024, the property has experienced strong leasing momentum, surpassing 90% leasing by January 2025 and sustaining an average leasing rate of 96%, contributing to outstanding financial performance.
The luxury property features 152 spacious units with studio, one-, two-, and three-bedroom floor plans. The James sets a new standard for apartments in the St. Louis area, offering high-quality finishes and thoughtfully designed residences. Each home showcases elegant kitchens with quartz countertops, stainless steel appliances, and custom cabinetry, along with oversized walk-in closets, 9-foot ceilings, private balconies, in-unit full-size washers and dryers, and modern bath finishes. Blending energy-efficient design with upscale details, The James delivers a premier living experience that balances sophistication and sustainability.
The modern common areas are of exceptional quality and are unmatched in the area. Amenities include a stunning outdoor courtyard with pool, modern fitness center with yoga rooms, community room, business center with offices and private dining, clubroom and pet spa.
Kirkwood is a rapidly evolving “live-work-play” submarket featuring a vibrant and growing base of dining, entertainment and shopping venues, allowing residents to experience an urban lifestyle in a charming suburban setting.
The James offers 6,992 sq. ft. of retail space on the first floor of the property, a unique building amenity. The spaces are currently leased to Napoli Group and UMB Bank.
The James is being sold unpriced on a free and clear basis. A call for offers date will be announced during marketing.
Property Facts
| Sale Type | Investment | Lot Size | 2.56 AC |
| No. Units | 152 | Building Size | 263,165 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2024 |
| Building Class | B | Parking Ratio | 1.12/1,000 SF |
| Zoning | 32B2 | ||
| Sale Type | Investment |
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 2.56 AC |
| Building Size | 263,165 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2024 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | 32B2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Pool
- Property Manager on Site
- Breakfast/Coffee Concierge
- Cabana
- Gameroom
- Grill
- Guest Apartment
- On-Site Retail
- Package Service
- Pet Play Area
- Roof Terrace
- Storage Space
- Bicycle Storage
- Car Charging Station
- Community-Wide WiFi
- Elevator
- Lounge
- Maintenance on site
- Multi Use Room
- Pet Washing Station
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 586 - 606 |
| 1+1 | 81 | - | 623 - 935 |
| 2+2 | 49 | - | 1,014 - 1,313 |
| 3+2 | 4 | - | 1,501 |
| 3+3 | 2 | - | 1,311 - 1,520 |
Property Taxes
| Parcel Number | 23M-14-1591 | Improvements Assessment | $5,519,800 |
| Land Assessment | $796,930 | Total Assessment | $6,316,730 |
Property Taxes
Parcel Number
23M-14-1591
Land Assessment
$796,930
Improvements Assessment
$5,519,800
Total Assessment
$6,316,730
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