BOARDMAN PLAZA
PROPERTY DETAILS
- Capstone acquired a discounted note that was secured by a 550,383 SF of big box retail located in Boardman, Ohio.
- The big box center was acquired in 2007 for $30.8M; the borrower subsequently defaulted on their loan.
- Tenants in the center include Save-A-Lot, Ollies Michael’s, Burlington Coat, Planet Fitness, US Postal Service and numerous other big box tenants.
- Capstone recapitalized the center in a 50/50 partnership with the prior owner and secured new first mortgage financing.
| Asset Class | Retail |
| Property Size | 550,000 |
| Investment Status | Sold |
| Realized Deal IRR | 24.9% |
| Realized Deal EM | 1.96X |
| Hold Period | 5 Years |