Cooper Square

Category
Current Portfolio
About This Project

Crystal View Capital Fund I, LLC is pleased to announce the acquisition of 15,463 sq ft consisting of two separate parcels on 1.58 acres within Cooper Square. “We are confident in our ability to add-value to this asset within a short time period through the lease up of 4,978 sf of vacant space.  With an in-place cap rate of 9.8% at 68% occupancy upon acquisition and strong upside potential, this property will fit nicely into our portfolio.  It is very rare to find both yield and a great location in this market environment – this asset has both.”

Deal Highlights

  • Current Net Operating Income of $159,134 at acquisition.
  • Potential to realize a 14.3% cap by filling vacancies.
  • Purchased well-below replacement cost at $105 per sq ft.
  • Strong Demographics – $96,532 median household income and $342,306 average house value within one mile.
  • Off-Market Deal