Purchase Price:
Purchase Date:
Sale Price:
Sale Date:
Achieved IRR:
Achieved MOIC:
Internal Rate of Return (IRR)
Multiple of Invested Capital (MOIC)
Renovations Completed
-
State-of-the-art Sprinklers
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T-5 Warehouse Lighting
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New Dock Door Packages
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Asphalt Repair
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Exterior Paint
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Refurbished Office Area
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Refurbished Bathrooms
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New Roof
34 Commerce Drive Gaffney, SC
546,000 Square Feet
$14,000,000
3.27.2017
$30,000,000
3.19.2019
30.52%
1.71x
Gaffney
Purchase Price:
Purchase Date:
Sale Price:
Sale Date:
Achieved IRR:
Achieved MOIC:
Internal Rate of Return (IRR)
Multiple of Invested Capital (MOIC)
Asset Strategy
-
Lobby Renovation / Expansion
-
Complete Deferred Maintenance
-
Offer Competitive TI Packages to Increase Occupancy and Rental Rates
500 Front Street Columbus, OH
142,315 Square Feet
$15,875,000
9.14.2016
$24,050,000
11.1.2019
20.02%
1.56x
Brewery Tower
Purchase Price:
Purchase Date:
Sale Price:
Sale Date:
Achieved IRR:
Achieved MOIC:
Internal Rate of Return (IRR)
Multiple of Invested Capital (MOIC)
Asset Strategy
-
Lobby Renovation
-
Common Area Renovation
-
Add Needed Site Amenities
-
Offer Competitive TI Packages and Rental Rates to Attract Large Tenants
350 & 352 Halton Rd Greenville, SC
227,807 Square Feet
$18,350,000
12.29.2017
$33,100,000
3.24.2020
27.94%
1.69x
Axis Park
Purchase Price:
Purchase Date:
Sale Price:
Sale Date:
Achieved IRR:
Achieved MOIC:
Internal Rate of Return (IRR)
Multiple of Invested Capital (MOIC)
Asset Strategy
-
Exterior Refresh
-
Add Needed Site Amenities
-
Offer Competitive TI Package and Rental Rate to Encourage Renewal From Existing Tenant