155 CHESTNUT RIDGE ROAD
- 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.
|Property Size||105,000 SF|
|Investment Status||Long Term Hold|
|Forecast Deal IRR||12%|
|Forecast Deal EM||1.73X|