Multi-Housing

The Ascent at Spring Hill Station

Broad St McLean, Virginia United States 22102
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Building Area

Property Description

JLL is pleased to present for sale The Ascent at Spring Hill Station (the “Property”), a 404-unit multifamily tower located in McLean, Virginia on “the Hill” in Tysons. Located within the DC metro’s largest office market (22.8 million square feet), the Property offers best-in-class amenities and immediate access to the Spring Hill and Greensboro Metro Stations.

The asset is positioned less than a 10-minute walk from Whole Foods at the Boro, which delivered in late-2019, and benefits from the 5.4 million square feet of retail that includes regional shopping hubs, Tysons Corner Galleria and Tysons Corner Center. Major infrastructure investment in the Silver Line, Virginia Hot Lanes, the Jones Bridge Connector, and $2.8 billion in additional transportation infrastructure to support increased density and walkability has spurred a major transformation of Tysons into a liveable, walkable community.

Investment Highlights

Attractive Northern Virginia Suburban Location – Largest Office Market in NOVA as Suburban Submarkets

Outperform Urban Core Pent Up Demand Generated by Recent Development and Infrastructure Offers Enormous Rent Growth Potential

Urban Environment with Immediate Access to Retail Amenities and Employment Hubs

Surrounded by Prime Retail – Walkable to Whole Foods, Tysons Corner Center, and Tysons Galleria

Accessibility – Connected to the Greater DC Metro Area through Route 7, Route 123, Dulles Toll Road, I-495, I-66, and Silver Line Metro

Opportunity to Drive Rents – Rare, Light Value Add Program in a Core Market Evolving Submarket - Capitalize on 6 years of Extensive Construction and Infrastructure Improvements Around the Asset

Last Updated Date: 28 May 2021
Walter Coker
Walter Coker
Senior Managing Director, Capital Markets
License details
DC-SP98361589 MD-524884 VA-0225092459
Brian Crivella
Brian Crivella
Senior Managing Director, Capital Markets
License details
DC-SP98368957 MD-634831 VA-0225188521

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Last Updated Date: 28 May 2021

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