HENDRICKS & PARTNERS BROKERS APARTMENT SALE

by admin

ST. LOUIS — Hendricks & Partners (H&P) has brokered the sale of Parcade, a 42-unit apartment community located at 4394 W. Pine Blvd. in St. Louis. Paul Cunningham of H&P’s St. Louis office represented the seller, Sunland, Calif.-based Damian Loftus, as well as the locally based buyer. The property closed at 94 percent of list price, at a 7.38 percent capitalization rate.

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