4501 Ford Avenue, Alexandria VA 22302
Opportunity to acquire a 200 Unit, High-Performing Asset Ideally Situated in Alexandria, VA Below Replacement Cost in a Supply Constrained Submarket
Quick Stats
2016
Year Converted
200
Units
96.5%
Occupied
574
Parking Spaces
948
Avg. SF
100%
Units Offering Value-Add Upside
INVESTMENT HIGHLIGHTS
Hyper Connected to Regional Demand Drivers
Seamless connectivity via I-395, Route 7, and I-495 offer short drives to National Landing, Old Town Alexandria, the R-B Corridor, Eisenhower Ave Corridor, and Downtown Washington, DC.
Strong Property Performance
The Property is currently 96.5% occupied, achieving a 4.3% increase on YTD lease renewals (90 leases), representing strong renter demand and an opportunity to increase rental revenue.
Exceptional Third-Party Outlook
Axiometrics projects an average submarket yearly rent growth of 4.00% through 2027 and 3.86% through 2029, creating an opportunity for new ownership to organically drive revenue.
Below Replacement Cost in a Supply Constrained Submarket
There are zero units under construction / imminently starting construction in a 3-mile radius in a submarket where ground-up replacement cost of similar product is ~$550k+ / unit.
Wall-to-wall Windows and Expansive Floorplans
Designed by world-class architect Gensler, Elofts has superior unit layouts that differentiate the Property from the comp set, introducing the possibility for additional rental upside.
Accretive & Assumable In-Place Financing
New ownership has the opportunity to assume existing Fannie Mae loan, which has an all-in rate of 4.41%, full-term Interest Only, and a 1/1/2029 maturity date.
100% of Units Offering Value-Add Upside
Localized headroom in rents (+$500 in upside) presents an opportunity for new ownership to continue the existing value-add program and expand on existing scope to capture the comp set rental upside.
Optimal Renter Demographics
The annual median household income is $120,000 (2-mile radius), +60% renter, and +63% have at least a BA degree, creating an optimal target renter demographic (Costar, August 2025).
UNIT MIX
THE LOCATION
AMENITIES
PROPERTY AMENITIES
- Modern Community Clubhouse
- Sprawling Lobby and Event Space
- Business Center with Private Meeting Rooms
- Professional-Grade Fitness Center
- Expansive Outdoor Lounge & Dining Areas
- Pet Spa
- Outdoor Pool Tables and Ping Pong Tables
- Community WiFi
UNIT AMENITIES
- Modern Quartz Countertops
- Wall-to-wall Windows
- Stainless Steel Appliances
- Laminated Wood Flooring throughout
- Modern Wood Cabinetry
- Subway Tile Backsplashes
- Light-Filled Floorplans
PHOTO GALLERY
Contact
DC Metro
4445 Willard Ave., Suite 1200
Chevy Chase, MD 20815
INVESTMENT SALES
Brian Crivella
Senior Managing Director
301.580.6685
[email protected]
Yalda Ghamarian
Managing Director
240.462.2332
[email protected]
Bill Gribbin
Managing Director
301.580.6486
[email protected]
Jack Canepa
Associate Director
301.941.4629
[email protected]
Financing
Patrick McGlohn
Senior Managing Director
301.941.4610
[email protected]
Brian Gould
Managing Director
301.941.4616
[email protected]
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