4880 Mark Center Drive
Alexandria, VA
The asset was acquired off market in March of 2023. The asset is located in the heart of the Mark Center, a mixed use community in Alexandria, Va.
- Purchased Surplus Corporate Real Estate totaling approximately four acres.
- The property is located just four miles from Old Town Alexandria and seven miles from the National Mall.
- Current massing contemplates 425,000 square feet ($19 psf) built in a stick over podium configuration.
- The project’s current zoning allows multi-family through a special use exception that is well supported by the City of Alexandria and is consistent with the neighborhood’s Small Sector Plan.
Est. Building Size
425,000 sf
Acquisition Source
Off-Market
Equity Partner
Family Off
Acquisition Price
$8.2 M
Est Development
$182 M
Total Project Cost
$190 M
Projected Exit
$210 M
Date
February 01, 2007