Property Details

  • Capstone acquired a defaulted note secured by a vacant 155,000 SF three building corporate campus and acquired title at closing.
  • Capstone sold the rear flex building, implemented a $4.0M capital and leasing program and rebranded the campus.
  • increased occupancy to 100% from 0% in 20 months.
  • Capstone sold the asset in 2016 for approximately 5x the acquisition price.
Asset Class Office
Property Size 155,000 SF
Investment Status Sold
Realized Deal IRR 18.2%
Realized Deal EM 3.76X
Realized Investment Period 5 Years

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