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Chesapeake Science Point Charter School
Hanover (Baltimore), MD
FD Stonewater purchased the 52,000-square foot asset in February 2014. The property was fully occupied by Chesapeake Science Point Academy (“CSP”), a highly acclaimed Anne Arundel County public charter school. Five and a half years remained on the CSP lease term at the time of purchase. FD Stonewater identified an opportunity to help CSP lower its operating expenses and the team was able to execute a long-term lease renewal and subsequent sale of the property two years ahead of schedule. The disposition represents a significant milestone for the company: fully executing one of the firm’s first deals to have been capitalized with equity from its high-net worth investor program.

Category: Investment
DEAL INFO
Acquisition Date: February 2012
Disposition/sale date: April 2018
Occupancy: Single-tenant Opportunistic
No. of Buildings: 1
Square Feet: 52,000 SF
Tenant Sampling: Chesapeake Science Point Public Charter School
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