Chesapeake Science Academy Charter School
Hanover (Baltimore), MD
Single-Tenant Opportunistic
52,175 SF
FD Stonewater purchased this 52,175 square foot asset in 2014. The property was fully occupied by Chesapeake Science Point Academy (“CSP”), a highly acclaimed public charter school in Hanover, MD. Five and a half years remained on the CSP lease term at the time of purchase. Because FD Stonewater identified an opportunity to make strategic investments and improve efficiency, 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/Asset Management
Acquisition Date: February 2012
Disposition/sale date: April 2018
Occupancy: Single-tenant Opportunistic
No. of Buildings: 1
Square Feet: 52,175 SF
Tenant Sampling: Chesapeake Science Point Public Charter School