• Description
  • Details
Transwestern’s Mid-Atlantic Multifamily Group, as exclusive agent, is pleased to present an opportunity to acquire Andrews Ridge, a 492-unit garden-style apartment community located in Hillcrest Heights, Maryland. Andrews Ridge was constructed in 1965 with significant renovations completed from 2011 to 2014. This extremely well-maintained apartment community presents investors with an extraordinary opportunity to acquire a stable, cash flowing asset with tremendous value-add potential situated in a prime location inside the I-495/I-95 Capital Beltway near the Joint Base Andrews region of Prince George’s County.

The Property is situated in a prime location within the high barrier of entry Andrews submarket that witnessed overall rent growth of 8.8% during 2022 with 4.6% annual effective rent growth over 5 year period since March 2017 according to the Delta Associates First Quarter 2022 Class B Apartment Market Report.
  • Property Type : Multi-Family
  • Class : C
  • Listing Size : 505,560
  • Year Renovated : 2014
  • Year Built : 1965
  • Stories : 3
  • Typical Floor Size : 85,716
Robin Williams

Executive Vice President

Bethesda, Maryland

(301) 896-9070

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Dean Sigmon

Executive Vice President

Bethesda, Maryland

(301) 896-9089

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Justin Shay, CCIM

Vice President

Bethesda, Maryland

(301) 896-9082

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Michael D'Amelio

Senior Associate

Bethesda, Maryland

(301) 896-9077

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Available Space (1)

Suite
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Rate
Type
Max Contiguous
Lease Type
Cam Charges
Andrews Ridge 505,560 Sale 505,560

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Andrews Ridge Flyer DOWNLOAD