Meridian at Carlyle

Posted: 9/27/2017
403 Units
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About Meridian at Carlyle

Offers due:  Thursday, November 9, 2017

Cushman & Wakefield is pleased to present Meridian at Carlyle, a transit oriented, core-plus apartment community with significant unit renovation upside located adjacent to highly sought after Old Town, Alexandria. Built in 2000, rents at Meridian at Carlyle are on par with newer communities in the area due to its irreplaceable location and superior walk score. However the Property is the only asset in its competitive set to not have modern unit finishes including granite countertops, stainless steel appliances and upgraded cabinetry. Renovating unit interiors to this standard would make Meridian at Carlyle the area’s premier apartment community and yield significant rent increases. The Property’s location on the western edge of Old Town Alexandria is one of the best in the region, within walking distance to 2 Metro stations, a Whole Foods market, hundreds of retail amenities and some of the Washington metro’s largest employers. Meridian at Carlyle’s irreplaceable location and significant renovation upside presents investors with the rare opportunity to acquire a core-plus, infill high-rise in the expanding Washington economy.