1700 Palm Beach Lakes
Status
Closed Capstone is offering an opportunity to invest in a 114,000 SF value-add Class-A office building, with a 17-year strong occupancy history, in the Palm Beach County office market.
Location
West Palm Beach, FL
Investment Strategy
Value-Add
Property Type
Office
Open To
Accredited Investors
Closed Date
Nov 2019
Investment Strategies
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*As reported by Investopedia, on 12/31/22, based on a variety of factors.
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Investor Equity
$4,512,500
18.2%
Sponsor Co-Investment
$1,287,980
5.2%
Property CF (year 1)
$656,000
2.6%
Senior Debt
$18,400,000
74.0%
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Total
$24,856,480
100%
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