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Chapel Development, LLC

Chapel Development, LLC. Private Placement Memorandum. Chapel Lofts Property: 901 N Alfred Street , Alexandria, VA Purchase Price: $1,700,000 Size: 4,000 sq.ft . 2 Levels, 3 bathrooms Year : 1960 Zoning: Residential/Business. Chapel Lofts. Value Add

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Chapel Development, LLC

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  1. Chapel Development, LLC Private Placement Memorandum

  2. Chapel LoftsProperty: 901 N Alfred Street , Alexandria, VAPurchase Price: $1,700,000Size: 4,000 sq.ft. 2 Levels, 3 bathroomsYear : 1960Zoning: Residential/Business

  3. Chapel Lofts • Value Add • Renovate property to include retail on basement and 1st floor levels, construct additional two levels for condo development • 4,000 sq.ft. retail • 6,000 sq.ft. residential (5 condominiums) • Market • YoY median sales price increase of 8.16% • Surrounding area comprised of 5 city blocks of LEED certified townhouses • 8 blocks from downtown Alexandria and 5 blocks to Braddock Road metro • 7 blocks to Alexandria waterfront

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