HENDRICKS & PARTNERS BROKERS $15.8M MULTIFAMILY SALE

CAPE GIRARDEAU, MO. — Phoenix-based Hendricks & Partners has brokered the $15.8 million sale of Phase I, II, III and IV of Cape La Croix apartments, which is located at 430 South Spring St. in Cape Girardeau. The 341-unit apartment community consists of one-, two- and three-bedroom units in 29 two-story buildings. Amenities at the property, which is situated near Southeast Missouri State University, include a fitness center, outdoor swimming pool and laundry center. Cape La Croix Apartments LLC of St. Louis has acquired the property from Oak Brook, Ill.-based Cape I LLC, Cape II LLC, Cape III LLC and Cape IV LLC. The buyer will market the community to the senior and student populations in the area. Rick Vidrio and Rick Brace in the Detroit office of Hendricks & Partners represented the seller in the transaction.