One of downtown St. Louis’ riverfront towers is officially up for grabs, with a $53 million asking price that is sure to turn heads in local real estate circles.
The 28-story residential high-rise, part of the larger Mansion House and Gentry’s Landing complex, is being marketed as a largely stabilized asset. Marketing materials tied to the offering show the building is about 94.2% occupied and include roughly 62,000 square feet of ancillary space plus hundreds of parking stalls.
As reported by the St. Louis Business Journal, those figures and the $53 million price tag come from the offering memorandum, which is being circulated to institutional and regional buyers.
Building basics
The tower sits within the mid century Mansion House and Gentry’s Landing complex along North 4th Street, a familiar presence on the downtown skyline. Data from Yardi Matrix lists The Gentry’s Landing at 400 North 4th Street with about 416 units and roughly 286,500 square feet of residential space…