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


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.