Property Details

  • Capstone acquired a series of five buildings located in Ronkonkoma, Long Island NY, together known as Veterans Memorial Highway Office Park.
  • The property is currently stabilized at >90% occupancy, with a diverse host of tenants.
  • Numerous capital improvement projects have been completed during Capstone’s time as owners.
  • In addition to the five properties located on the site, Capstone also has the potential to release and sell an additional parcel of land that is approximately .5 acres located on the property
Asset Class Office
Property Size 70,000 SF
Investment Status Long Term Hold
Forecast Deal IRR 37.1%
Forecast Deal EM 2.2X
Year Acquired 2012

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