330 & 350 MOTOR PARKWAY
Capstone acquired the first mortgage secured by a two suburban office buildings located in Hauppauge, NY.
Capstone obtained the deed to the property within six months of acquiring the note.
330-350 Motor Parkway is a portfolio of two three-story Class-B office buildings, built in 1971.
These office properties are located within the robust Hauppauge Office Market in a highly visible and accessible location directly off the Long Island Expressway / I-495.
The building was renovated as follows: existing HVAC energy management systems were upgraded. Existing vacant space, common areas, and lobbies were redesigned.
The properties were sold in 2018.
Realized Investor IRR
Realized Equity Multiple
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