CASCADES    Columbus, OH

Case Study

Source of Acquisition: Off market through local broker
RBA (Sq. Feet): 222,000
Property Type: Suburban Office 4 Buildings
Equity Partner: GE Capital
Acquisition Price: $12,288,542
Disposition Price: $15,800,000

Comments

Capital improvements were made to the roofs, landscaping, entrance features and awnings to increase curb appeal, while an aggressive leasing program resulted in an increase in occupancy from 60% to 90% and increased rents by 30%. Sold within 24 months of acquisition.