Cooper Square Former Bank

Category
Completed Projects, Current Portfolio
About This Project

Crystal View Capital Fund I, LLC is pleased to announce the acquisition of  the 4,000 sq ft former chase bank building with a double lane drive-thru located within Cooper Square Center.  “This “bolt on” acquisition makes complete sense from a synergistic view point since we currently own two other parcels in Cooper Square.  Moreover, the lease up risk was significantly mitigated since we have received two separate LOI’s before closing to lease the space from regional retailers.  Upon disposition, I believe we will command a premium valuation due to the attraction of a more institutional buyer, reconfirming the “whole” will be worth more than the “sum of the parts”.

Deal Highlights

  • Potential to realize a 13.1% cap by filling vacancies at $2 psf. NNN
  • Purchased well-below replacement cost at $182 per sq ft.
  • Strong Demographics – $96,532 median household income and $342,306 average house value within one mile.
  • Off-Market Deal

About Crystal View Capital Fund I, LLC:

Crystal View Capital is a real estate investment partnership that focuses on the acquisition and management of opportunistic and underperforming commercial properties. Our portfolio is currently in excess of $40M in assets

and is diversified between office, retail, industrial and multifamily properties

across the West and Mid-West United States. Current shareholders are

presently realizing an estimated 16%+ return on investment. Please contact our offices to receive an executive overview and learn more about making an

investment into Crystal View Capital.