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611 Route 46


Property: 611 Route 46

Address: 611 Route 46
Hasbrouck Heights, New Jersey

Property Type: Class A Suburban Office

Rentable Square Feet:

Number of Units:

Property description

In 2009, The KABR Group and Capstone Realty Group purchased a loan from an insurance company and obtained title via a deed in lieu of foreclosure. The property is a 138,000 square foot Class B suburban office building. At the time of foreclosure, the building was only 60% occupied; however, through a $1.5 million capital improvement and an aggressive leasing strategy, the partnership has been able to raise occupancy to 100%.