|Last Updated Date||24 Mar 2020|
The Property is well situated along Route 1 and only minutes away from Interstate-95, the Prince William County Parkway, and Fairfax County Parkway, all of which allow residents easy access to the significant employment opportunities in both Fairfax and Prince William Counties as well as convenience to highly desirable retail amenities. Additionally, recent job growth at both Fort Belvoir and Marine Corps Base Quantico, has spurred trophy retail and new Class A apartment development in Woodbridge, further enhancing the desirability as a core investor location. With exceptionally stable historical operating history, strong in-place rent growth, and potential improvement upside in the unit finishes, Potomac Vista presents a terrific opportunity to acquire an asset below replacement cost in a strong submarket with minimal supply pipeline.
JLL is pleased to present for sale Potomac Vista (the “Property”), a 408- unit garden apartment community built in 1987 in Woodbridge, Virginia.