5919 Ashlar way | Alexandria, VA
366
Units
2024
year built
92% / 95%
Occupied / NET-LEASED
Opportunity to Acquire a 366-Unit Luxury Asset Located in Alexandria, VA Adjacent to the Huntington Metro Station and Just Minutes from Old Town Alexandria.
Investment Highlights
Premier Living Experience
The Property boasts top-of-market finishes and amenities, poised to achieve premium rents. It offers residents an elevated living experience surrounded by elegance and features expansive upscale amenities.
Unparalleled Connectivity
Located just steps from the Huntington Metro, the Yellow Line’s terminus, and minutes from Route 1 and I-495, the Property provides residents with exceptional access to major employment hubs and entertainment destinations in Northern Virginia and Downtown Washington, D.C.
Amazon HQ2 and VA Tech Innovation Campus
Conveniently located near the recently delivered Amazon HQ2 (6-metro stops) and Virginia Tech’s $1 billion Innovation Campus (4-metro stops), the Property will benefit from high-level employment and strong renter demographics for years to come.
Significant Mark to Market
The Property offers substantial potential for rent increases, with in-place market rents presenting a headroom of over $350 compared to similar properties in Alexandria. The premier finishes and extensive amenity package, combined with the Property’s stabilization, provide a clear opportunity to capture this additional rent.
Superior Renter Demographics
The Property’s tenants represent one of the most robust demographic profiles in Northern Virginia, with an average household income of approximately $140,000 and a median age of only 35.
Upcoming Supply Shortfalls
Only one asset (Heritage Old Town) is projected to deliver within the next three years in the Property’s proximate submarket, leading to supply shortfalls for years to come.
Quick Stats
- Property Address
- Year Built:
- Total Units:
- Market Rate Units:
- % Occupied
- % Net-Leased
- Avg. SF (Market Rate)
- Parking Spaces
- Metro Adjacent
- NGBS Green Certified
Market Rate Unit Mix Summary
Affordable Unit Mix Summary
Location

Gallery
DC METRO
4445 Willard Avenue
Suite 1200
Chevy Chase, MD 20815
DC METRO INVESTMENT SALES
Brian Crivella
Senior Managing Director
[email protected]
301.580-6685
VA DRE 0225188521
Yalda Ghamarian
Managing Director
[email protected]
240-462-2332
VA DRE 0225204660
Bill Gribbin
Managing Director
[email protected]
301-580-6486
VA DRE 0225226879
Jack Canepa
Associate Director
[email protected]
301-941-4629
DC DRE SP40003926
MORTGAGE BANKING
Patrick McGlohn
Senior Managing Director
[email protected]
301.941.4610
Brian Gould
Managing Director
[email protected]
301.941.4616
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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