4408 Oak Creek Ct, Fairfax, VA, 22033-4201, US

Arbos at Fair Lakes

Description de l'actif

1987 vintage, 282-unit property located in the heart of Fairfax, Virginia. The Property features 62 unrenovated units (22% of unit mix) and 220 previously upgraded units (78% of unit mix, completed predominantly between 2014-2017). Arbors at Fair Lakes presents the opportunity for a comprehensive renovation strategy and possesses immense achievable upside and value-add potential through in-unit, common area, and amenity renovations. Current in-place rents are ~20% below newer vintage, market-leading competition, providing for substantial headroom for rental rate growth.

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Caractéristiques de l'actif

Nombre d'unités

282 Unité de mesure

Occupation

97,00 %

Année de construction

1987

Surface de l'actif Net

23 596 m²

Taille du terrain

8,48 hectare (84 782 m²)

Média

Points clés d'investissement

Premier Northern Virginia Location with Significant Value-Add Upside
Strong Historical & Current Property Performance: 9.5% Growth on Last 20 New Leases, 7.9% Growth on Last 20 Renewals
Strategically Positioned in the Epicenter of NoVa’s Employment Hubs
Highly Amenitized Micromarket Surrounded by 5.3 MSF of Retail