155 CHESTNUT RIDGE ROAD
PROPERTY DETAILS
- Capstone acquired a 100% leased class-A institutionally owner office building from TIAA-CREF.
- The building is a 105,000 SF class-A building located on Chestnut Ridge Road in Montvale, NJ.
- Capstone was able to reduce operating expenses by over 15% through hands on management and operating efficiencies.
| Asset Class | Office |
| Property Size | 105,000 SF |
| Investment Status | Long Term Hold |
| Forecast Deal IRR | 12% |
| Forecast Deal EM | 1.73X |
| Year Acquired | 2013 |