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The ownership has retained Cushman & Wakefield as exclusive broker for The Landmark Apartments. Value-Add Opportunity - Renovations yielding $200-$500 / month. Excess land and 1st floor space for development or amenities. Strong Rental Market - Renowned Cherry Hill, NJ, 15+ years of under 5% stabilized vacancy. Infill location with solid population and job growth. Visibility & Convenience - 18 story property sits at Hwy70 and I-295 with more than 130,000 cars per day. 15 minutes to Philadelphia, 90 minutes to NYC. Convenient to Wegman's grocery, Starbucks and other high-end retail. Solid Structure - Brick on Block & Steel, new high-quality windows, new tuckpointing, and more. Favorable mix of 2 & 3 BR's with large floor plans. Well below 50% replacement cost Call Rud to schedule your tour. Offers due by Tuesday, September 18. .
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Sold
Landmark Apartments
544 Units
1900 Frontage Rd, Rts. 70 & 295 Ste 107
Cherry Hill, NJ  08034-2211
Type: Conventional
Closed: 3/28/2008

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Park Vue of Alexandria, a core-plus, infill high-rise community in one of the Washington metro region’s most dynamic corridors. Built in 1965, Park Vue of Alexandria has recently received a large infusion of capital to improve the asset and create additional tenant amenities. The Property offers proven value-add with rental premiums being achieved based on the current kitchen and bath upgrade program. This can be enhanced to mirror similar properties in the submarket for additional rent increases. Park Vue of Alexandria’s location along the dynamic I-395 corridor is one of the best in the region for access to the many major employers and the most significant employment centers in the Washington metro. The Property is only 5-minutes from Potomac Yards, one of Northern Virginia’s fastest growing retail and amenity centers, with a future Metro station currently in the planning process. Park Vue of Alexandria’s irreplaceable location and additional renovation upside presents investors with the rare opportunity to acquire a core-plus, infill high-rise in one of the Washington region’s best locals.

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Sold
Park Vue of Alexandria
196 Units
511 Four Mile Rd
Alexandria, VA  22305
Closed: 12/1/2018