800 Lockwood, LP

800 Lockwood

Type: Office Building

Size: 30,000 Square feet

800 Lockwood LP acquired 800 Lockwood in April 2013. 800 Lockwood was a value-add opportunity with a short-term existing tenant in place. A 10% distribution was made to the partnership annually and was sold for 1.8 times the purchase price. The property was a 30,000-square-foot office building on 3.19 acres and the investors received a 29% return over 23 months.