Central Park East
Description
Value enhanced by re-leasing large blocks of space and making basic building improvements. Two major tenant leases were restructured with 6 months after acquisition.
Details
| Cost PSF $18.33 | Acquisition Price $1,550,000 | Sale Price / SF $25.56 |
| Acquisition Date March, 1996 | Sale Price $2,300,000 | Total Cost $1,650,000 |
| Total Project Size 90,000 SF | Add. Capital Costs $100,000 | Avg Annual Return 33% |