Thousand Oaks Corporate Center

225 W. Hillcrest Drive | Thousand Oaks, CA

157,000 Square Foot Office Building


Details

Date Purchased: November, 2000
Purchase Price: $24,250,000
Sale Price: $29,000,000
Sale Date: September, 2002
Holding Period: 22 Months
Initial Investment: $6,600,000
Investor Proceeds from Sale: $10,488,000
Internal Rate of Return: 36.26%

Completed Business Plan

  • Acquired well located property with 18,000 square feet of vacant space
  • Replaced roof and installed new energy management system to improve efficiency
  • Completed building renovation and tenant improvements
  • Leased building to 100% occupancy
  • Provided investors with strong cash flow and high return on investment
  • Sold after 22 months holding period at significant profit

Persius Creative