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 2003
Building Area
Land Area ()
Number of units 350

Property Description

JLL is pleased to present for sale The Point at Park Station (the “Property”), a 350-unit multifamily community located in Manassas, Virginia.

Conveniently located next to the Manassas Park Station of the Virginia Railway Express (VRE), and with proximity to Route 28, Route 234 and I-66,

the Property provides quick access to all of Virginia’s regional employment centers. Within 5 miles of the Property, residents at the Point at Park

Station have access to over 6.4 million square feet of retail service, including Walmart and Home Depot (1.5 miles) and regional draws such as

Manassas Mall and Bull Run Plaza.

Investment Highlights

  • Attractive Northern Virginia Suburban Location – Highest Growth Market in the US as Suburban Submarkets Outperform Urban Core
  • Major Value Add Opportunity – 300+ Units in Original 2004 Condition
  • Outstanding Access to Employers and Significant Employment Growth in the Submarket
  • Benefit from the Village at Manassas Park Development – Significant Addition to Immediate Community and Retail Amenity Base Accessibility – Connected to the Greater DC Metro Area through Route 28, Route 123, I-66, and Virginia Railway Express with recently approved $3.7 BB Infrastructure Investment
  • Limited Future Supply – No Significant Multi-Family Development Projects Under Construction or Proposed within a 5-Mile Radius
  • Best-in-Class Area Demographics – Wealthy Millennial, Renter-by-Choice Population
Last Updated Date: 24 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: 24 May 2021

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