FOR SALE 140 N. BRENTWOOD CLAYTON, MO FOR SALE DOWNTOWN CLAYTON OPPORTUNITY LAND AVAILABLE FOR REDEVELOPMENT

FOR SALE 140 N. BRENTWOOD CLAYTON, MO FOR SALE DOWNTOWN CLAYTON OPPORTUNITY LAND AVAILABLE FOR REDEVELOPMENT

TABLE OF CONTENTS Section1 Section 2 Section 3 Section 4 Offering Summary Development Opportunity Floorplans Clayton Market Overview Prepared by: ANN SCHMELZLE Vice President Commercial Brokerage 314.802.0820 aschmelzle@balkebrown.com BALKE BROWN TRANSWESTERN 1101 Highlands Plaza Drive West, Suite 150 St. Louis, MO 63110

FOR SALE: $1,875,000 Offering Summary Balke Brown Transwestern is pleased to exclusively offer to owner-occupants, investors and/or developers the opportunity to acquire 140 N. Brentwood, located in the City of Clayton, Missouri ( the Property ); just north of the intersection of Maryland Ave. and Brentwood Blvd. It is part of the Maryland Gateway District which is a low-rise corridor with mixed use properties in to Downtown that serves as a gateway from the west. This district is a densely populated residential and commercial part of the downtown Clayton area. This premiere value add opportunity contains of approximately 6,037 square feet on 0.61 acres. Offering Highlights Multi-level brick building with approximately 6,037 square feet Lot size approximately 0.61 acres or 26,571 sf Permitted uses include: single family homes, multifamily development and office use Former home to YWCA s Women s Resource Center YWCA owned and occupied property since 1954 Built in 1954 Zoned R4 - Low density multi-family dwelling Current office occupancy is acceptable under the CUP grandfathered as a legal non-conforming use Private parking in rear of building: 23 spaces and 1 handicap space Street parking available on Brentwood & Westmoreland Well Located & good access High visibility from the Street Corner Lot (Brentwood Blvd & Westmoreland Ave) Bordered by both residential and commercial properties Walkable to area amenities High demand for Clayton development properties

Development Opportunity A professional architecture and development firm provided a very high-level analysis of the development options for the YWCA property located at 140 N. Brentwood. While this analysis was completed in late 2013, the development options that would physically maximize the site based on the existing zoning limitations and took into consideration various options that would exist if the zoning codes could be successfully amended to allow a denser multi-family development. Requesting a zoning change to PUD would be the path of least resistance to accomplish a more dense development. (Subject to City of Clayton approval). With its ideal Clayton location, the YWCA property provides a unique redevelopment opportunity to future owners. The property is currently located in the Meramec Gateway District which features a mix of commercial and residential uses meant to connect the residential neighborhood with the city center. The City of Clayton s Master Plan considers appropriate uses for this district to include professional offices, small-scale mixed-use hospitality and housing for young professionals. Currently, the YWCA property is zoned R4, low density multi-family district, but is operating their business under a legal non-conforming use. This allows for an array of potential redevelopment options including: Owner-occupant professional office as a non-conforming use Small to mid-rise multi-family complex Single family home lots for custom build-to-suit homes Residential two-family dwelling Schools Daycare Community buildings Parking lots

Floorplans LOWER LEVEL MAIN LEVEL

CLAYTON MARKET OVERVIEW Clayton is typically one of the most liquid submarkets in St. Louis and accounts for roughly 15% of the market s sales volume this cycle. Close to $300 million changed hands over the last three years, and selling prices consistently outperform the St. Louis median. Selling prices have grown steadily since the recession and caught up with prerecession levels in 2015. Office tenants have driven leasing vacancies below the 10% level that was seen in 2013. Vacancies have compressed to an all-time low in 2018. Demand has been strong over the past several years and it is driving the developers to build more product, both office and multifamily. TE SI

WESTMORELAND AVE. N. BRENTWOOD BLVD. N. MERAMEC AVE. MARYLAND AVE. LOCATION Located just North of Maryland Ave with frontage on Brentwood Blvd Adjacent to Maryland Walk Condominiums, commercial office and residential Within walking distance to retail shops, restaurants and banking Convenient Ingress and Egress from Brentwood and Westmoreland

16,897 VPD SITE THE CITY OF CLAYTON Easily accessed by 2 interstate highways Served by Metrolink 7,000,000 sf of prestigious office space: 90% occupancy 1,000,000 sf of retail including: 86 award-winning restaurants and 225 retail shops 17,735 VPD 10,795 VPD 18,201 VPD SHAW PARK PLAZA 7923 FORSYTH 10,143 VPD 23,976 VPD 9,854 VPD ST. LOUIS COUNTY POLICE DEPT. 19,961 VPD 4,818 VPD SHAW PARK ST. LOUIS COUNTY CIRCUIT COURT ST. LOUIS COUNTY JUSTICE SERVICES CENTENE EXPANSION 1,433,020 SF OFFICE CONDO - 119 TOWNHOMES HOTEL - 120 ROOMS 18,150 NEW DAILY TRIPS TO CLAYTON N

Clayton Amenities & Restaurants

Clayton Overview 1M+ OF HIGH-END RETAIL SPACE 225+ BOUTIQUES & RETAIL SHOPS 80+ RESTAURANTS 5 HOTELS INCLUDING THE WORLD- RENOWNED RITZ CARLTON 41 CONSECUTIVE QUARTERS OF SINGLE-DIGIT VACANCY BOOMING ONGOING RESIDENTIAL DEVELOPMENT 1,268 UNITS DELIVERED OR CURRENTLY IN-PROCESS TOTALING OVER $400M INVESTED SINCE 2016 URBAN INFILL, TRANSIT-ORIENTED SUBMARKET WITHING HIGHLY DESIRABLE LIVE-WORK-PLAY ENVIRONMENT Urban, Dynamic, Live-Work-Play Environment - As evidenced by the City of Clayton s comprehensive master plan to modernize the area into a dynamic, 24/7 environment, Clayton has seen robust growth to enliven the area with new restaurants, bars and entertainment options, allowing for residents and office users alike to experience a truly urban lifestyle. Diverse, Wide-Ranging Amenity Options - The City of Clayton is home to the St. Louis metropolitan area s second largest commercial district. The downtown retail corridor includes a vibrant mix of fine dining restaurants, premier hotels, diverse housing options and nightlife venues that all combine to make the area an outstanding place to live, work and play. High Barriers to Entry - Due to substantial barriers for the development of new office space within Clayton, the existing supply of space is insulated from the balance of the broader St. Louis area. Prolonged Single Digit Direct Vacancy - Clayton has the lowest direct vacancy rate in the greater St. Louis metropolitan region and has experienced 41 consecutive quarters of single-digit vacancy in large part due to a lack of new speculative office development in the submarket.

ANN SCHMELZLE Balke Brown Transwestern 1001 Highlands Plaza Drive, Suite 150 St. Louis, MO 63110 314.802.0820 aschmelzle@balkebrown.com BALKE BROWN TRANSWESTERN 1101 Highlands Plaza Drive West Suite 150 St. Louis, MO 63110 The owner and Balke Brown Transwestern will not be liable for any unforeseen circumstances or delivery delays. Each respondent is responsible for their own property investigation and submission of their proposal.