325 Nantucket Boulevard, Scarborough
Location
325 Nantucket Boulevard, Scarborough
Acquired
2011
Project
Asset management turnaround
Status
Long-term hold
325 Nantucket Boulevard is a small-bay industrial property with 32 suites, and one of many examples of Colonia Treuhand’s hands-on asset management success. When management was taken over, 325 Nantucket Boulevard struggled with a 30% vacancy rate. Several of the vacant suites were not in a leasable condition, and the property required significant capital improvements. Full occupancy was reached within one year of completing the active asset management program, increasing net operating income by 122%. Home to an established roster of tenants, the property today provides a stable and reliable cashflow stream.