 |
Building Information
| Property Name | 2001 Marcus Avenue, Lake Success, New York |
| Building Size | 210,000 sq.ft. |
| Date Purchased | April 1998 |
| Purchase Amount | $18,500,000 |
| Occupancy at Purchase | 80% |
| Repositioning | At acquisition the property was renting for $23 psf and was in need of new management. Lighthouse invested $6,300,000 and brought the rents up to over $30 psf with an occupancy rate of over 95%. |
| Sale Date | March, 2001 |
| Sale Price | Available upon request |
| Occupancy in Year of Sale | 95% |
| NOI in Year of Sale | $3,187,987, 2001 budgeted |
|
