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

Year Built 1989
Building Area
Number of units 444

Property Description

 JLL is pleased to present for sale Ravens Crest Apartments (the “Property”), a 444-unit multifamily community located at 8098 Ravens Crest Court in Manassas, VA. Strategically positioned in the heart of the Manassas submarket, the Property is surrounded by an abundance of attractive retail destinations and over 5.1 million square feet of space with in a five mile radius. Regional transportation arteries, Route 234 and I-66 are within a mile of the Property and provides connectivity to the booming and affluent Northern Virginia commercial landscape. Ravens Crest Apartments has immense value-add upside potential through unit renovations in a submarket with strong historical performance and limited supply pipeline. The Property is poised for continued rent growth and strong risk adjusted returns.

Investment Highlights

 

Outstanding Access to Employers and Significant Employment Growth Attractive in  Northern Virginia

Premier Value-Add Opportunity – Attractive Upside of +$120 Premiums in Rents

4.5 MM SF of Retail Within 2 Miles of the Property – Walmart, Giant, Costco

No Future Supply – No Pipeline within a 4-Mile Radius of the Property

Best-in-Class Area Demographics – Wealthy, Millennial, Renter-by- Choice Population 

Last Updated Date: 26 Feb 2021
Walter Coker
Walter Coker
Managing Director, Capital Markets
License details
DC-SP98361589 MD-524884 VA-0225092459
Brian Crivella
Brian Crivella
Managing Director, Capital Markets
License details
DC-SP98368957 MD-634831 VA-0225188521

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Last Updated Date: 26 Feb 2021

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