OFFICESCAPE    Columbus, OH

Case Study

Source of Acquisition: Off Market (sourced by Mortgage/Investment Banker)
RBA (Sq. Feet): 250,000
Property Type: 4 building suburban office park
Equity Partner: Local Investment Group and Heller Financial
Acquisition Price: $12,000,000
Sale Price: $16,500,000 

Comments

An architectural re design of the entrances and lobbies, landscape improvements and an enhanced marketing program, led to occupancy improvements and a 30 % increase in NOI. Sold within 24 months of acquisition.