2 & 4 BRIGHTON ROAD
- Capstone acquired a defaulted note secured by a vacant 155,000 SF three building corporate campus and acquired title at closing.
- Capstone sold the rear flex building, implemented a $4.0M capital and leasing program and rebranded the campus.
- increased occupancy to 100% from 0% in 20 months.
- Capstone sold the asset in 2016 for approximately 5x the acquisition price.
|Property Size||155,000 SF|
|Realized Deal IRR||18.2%|
|Realized Deal EM||3.76X|
|Realized Investment Period||5 Years|