StarPoint acquired a 101,586 sq ft office building in the Beverly Hills Golden Triangle at 75% occupancy, for approximately $44,522,000. By identifying deficiencies in the previous owner’s operations of the asset, StarPoint quickly renovated and upgraded common areas and amenities to a true Class A asset. Through this renovation and rebranding effort, StarPoint was able to maximize income both by increasing rents from office tenants and maximizing medical use in the building, growing the NOI by 75%. Today the property is 95% occupied with a value exceeding $140,000,000.
