Golden Glades Office Park

Acquisition Date: June 2008
Location: Miami, FL
Size: 200,000 square feet of office space
Investment Opportunity: Extensive renovation and relocation of tenants that required significant expansion.
Results: Completed five relocations and eight expansions and extensions within 12 months of acquisition. Increased NOI by more than 20% in just 12 months, increasing cash-on-cash returns to meet double digits.
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