Project Description

Freemont Business Park is a 3-building, 120,000 square foot office building, which offers office suites ranging from 400 up to 10,000 square feet. The building’s open floorplans, great glass line and reserved executive conference rooms create an inviting and efficient work environment.

The property was purchased at an 10.5% going-in cap rate in September 2012. Using a CMBS debt financing, the management group quickly pushed the cash-on-cash returns to 20-25%. Occupancy was successfully increased from 90% to 95%, even as rents were increased to at or above market rates.

Type: Office

Project Size: 3 buildings totaling 120,000 sq. ft.

Purchased: September 2012

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