Case Studies
Hopkinton, MA
35 Parkwood Drive
Investment Summary
Property
160,000 SF office/flex building
Pricing
Acquisition Cost – $3,650,000, $22.85PSF
Strategy
The ownership looked to create value by purchasing building at a low basis and quickly executing a cost-effective modernization plan with the goal of providing tenants a lower priced alternative in the market
Opportunity/Highlights
- Purchased property at a fraction of the replacement cost and quickly executed a very cost effective modernization plan to the common areas and exterior of the building
- Leasing activity achieved over 44% occupancy within 4 months of acquisition. 100% Leased within 14 months to 8 different tenants through aggressive marketing
- Located in the Elmwood Business Park directly off I-495 and just one exit south of the Mass Pike
Other Case Studies
Milford, MA
Fortune Blvd & Quarry Drive
BUILDING SIZE
230,000 SF
ASSET TYPE
Office/R&D
Franklin, MA
440 East Central Street
BUILDING SIZE
16,200 SF
ASSET TYPE
Medical Office
Myrtle Beach, SC
Alta Surf
BUILDING SIZE
216 units
ASSET TYPE
Multifamily