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465 Columbus Avenue

OVERVIEW

Property: 465 Columbus Avenue

Address: 465 Columbus Avenue
Valhalla, New York

Property Type: Class A Suburban Office

Rentable Square Feet:

Number of Units:

Property description

In 2012, The KABR Group and Capstone Realty Group purchased a defaulted note from an institutional lender and obtained ownership within 60 days of acquisition. The 100,000 square foot Class A suburban office building is nicely set back from Columbus Avenue, which creates a peaceful work environment. The partnership has rebranded the property and implemented a $1.5 million capital and leasing program. Since acquisition, occupancy has increased from 64% to 98% with government and medical tenants.