Ballpark Lofts
1004 Spruce Street
St. Louis, MO 63102
Description
Newmark has been retained as Exclusive Listing Agent for the sale of Ballpark Lofts in St. Louis, Missouri.
Offering residents pedestrian access to downtown employers, retail, recreation, and restaurants (72 Walk Score®), Ballpark Lofts also enjoys ideal proximity to principal area highways and mass transit: enabling short commutes throughout the St. Louis metro area. The subject property
features two ground-floor bar / hospitality spaces with three additional commercial suites available ranging from 3,500 to 8,000 sf. Ballpark Lofts’ brick, masonry and timber construction greets tenants with modern amenities combined with the polished concrete, exposed beams and high
ceilings of a carefully executed early 1900’s building conversion.
STRONG FUNDAMENTALS
Ballpark Lofts’ ideal proximity to substantial employment and entertainment presents a unique opportunity to capture a younger, more educated renter demographic.
With nearly 40% growth in the downtown residential population over the past decade, Ballpark Lofts is well-positioned to capture a larger share of the city center’s substantial daytime worker population. Well over 50% of downtown workers trend Millennial + Gen Z, and 72% of downtown households are classified as renter occupied (ESRI): New management will have market-proven opportunities to increase revenue through attracting this desirable demographic and closing the substantial $579 per unit effective rent delta with submarket-comparable assets.
LOFT LIFESTYLE
Residents enjoy spacious one- and two-bedroom floor plans featuring stainless-steel appliances, 9’ to 12’ ceilings with exposed beams, polished concrete floors, quartz countertops, designer fixtures and hardware and in-unit washer / dryer sets. Select units feature jetted spa tubs, offices and balconies.
All major downtown attractions are one mile or less from Ballpark lofts, with the city’s three major sports venues, Busch Stadium (St. Louis Cardinals), Enterprise Center (St. Louis Blues) and Energizer Park (St. Louis City SC) a short walk away. Residents enjoy stunning views from the rooftop lounge / grilling area, and security is paramount with building courtesy patrol and secure-access parking and building entry.
Ballpark Lofts
