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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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.

Attributes

Year Built 1965
Building Area
Number of units 227

Property Description

227-unit value-add multifamily asset located in Virginia’s vibrant Alexandria submarket. The Property was built in 1965 and boasts an impressive amenity package with the opportunity to add value through in-unit renovations. Situated between I-495 and Duke Street, the Mark offers residents a variety of transit options in and around the DC region via both public transportation and vehicular access. Only a twelve-minute drive from Downtown Washington, DC, the Property is 1.4 miles from the Van Dorn Metro Station and just 4 metro stops or a 14-minute drive to Ronald Reagan Washington National Airport. The Property is just 6.5 miles or a 12-minute drive from Virginia Tech’s new Innovation Campus and 4 metro stops or a 12-minute drive from Amazon HQ2. The Mark is a 0.5 mile walk to Landmark Mall Redevelopment which, when completed, will consist of a 4.2MM SF mixed-use project anchored by Inova Health System hospital. Plans put forth detail between 2,220-2,500 residential units, 285,000-300,000 SF of retail, 200,000-400,000 SF of office and an additional 125,000 SF potentially allocated for hotel.

Investment Highlights

  • Transit Oriented Development - Quick Access to Both I-395 and I-495 and only 1.4 Miles from Van Dorn Metro Station
  • Value-Add Opportunity - Achievable Rental Premiums Through In-Unit Renovations
  • Significant Demand Drivers - 12.7MM SF of Office, 9.1MM SF of Retail within a 3 Mile Radius
  • Exceptional Alexandria Demographics - $114,000 Median Household Income, 60% of Residents Have a Bachelor's Degree or Higher
  • Landmark Mall Redevelopment - 0.5 Miles from Landmark Mall Redevelopment - 4.2MM SF Mixed-Use Project
  • Close Proximity to Amazon HQ2 and VA Tech's Innovation Campus - 6 Miles from VA Tech's Innovation Campus and 7.5 Miles (4 metro stops) from Amazon HQ2
Last Updated Date: 23 Jul 2021
Brian Crivella
Brian Crivella
Senior Managing Director, Capital Markets
License details
DC-SP98368957 MD-634831 VA-0225188521
Walter Coker
Walter Coker
Senior Managing Director, Capital Markets
License details
DC-SP98361589 MD-524884 VA-0225092459

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Last Updated Date: 23 Jul 2021

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