Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2004
Building Area Net
Number of units 331
Occupancy 95.5 %

Property description

Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in St. James (the “Property”). Built in 2006, the 331-unit asset is situated along McKinnon St. in the prestigious Uptown District, a walkable shopping, dining and entertainment district, with more than 200 bars and restaurants.

Investment highlights

St. James is an institutional asset that offers residents luxury living with modern finishes, and ahead-of-its-time floor plans featuring large average unit sizes of 1,118 SF, walk-in shower/tub combos, and expansive walk-in closets that have been renovated. St. James is also offered at a significant discount to replacement cost considering the lack of land sites in the neighborhood, size of the site, and current construction costs make the development of like-kind product infeasible.


​​​​​​​In addition, St. James offers new investors significant value-add opportunity, while the asset provides residents the ability to live, work, and play just minutes from their doorstep. The Property’s strong cash flow, value-add potential, exceptional location, and surrounding amenities make St. James one of the most desirable offerings in the market.

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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