Property Details

  • Capstone acquired a discounted note secured by a 138,000 SF grocery anchored retail center anchored by Price Chopper and Peebles.
  • Capstone recapitalized the center, implemented a $1.25M capital improvement program and increased occupancy to 90% from 70%.
Asset Class Retail
Property Size 138,000 SF
Investment Status Sold
Realized Investor IRR 35.6%
Realized Average Cash Yield 6.2%
Realized Investment Period 4 Years

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