Property Details

  • Capstone acquired three separate ground leases comprised of an 88,461 SF shopping center located at 715 & 725 River Road, Edgewater, NJ.
  • The property is anchored by Trader Joe’s and has a diverse mix of retail tenants
  • Occupancy was 84% at the time of acquisition; Capstone increased the occupancy to 100% within 3.5 years.
Asset Class Retail
Property Size 90,000 SF
Investment Status Long Term Hold
Forecast Deal IRR 37.8%
Forecast Deal EM 4.45X
Year Acquired 2013

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