EDGEWATER MARKETPLACE
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 |