Property Details

  • Capstone acquired a 100% leased class-A institutionally owner office building from TIAA-CREF.
  • The building is a 105,000 SF class-A building located on Chestnut Ridge Road in Montvale, NJ.
  • Capstone was able to reduce operating expenses by over 15% through hands on management and operating efficiencies.
Asset Class Office
Property Size 105,000 SF
Investment Status Long Term Hold
Forecast Deal IRR 12%
Forecast Deal EM 1.73X
Year Acquired 2013

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