3 & 5 ADP BLVD
Capstone acquired two office buildings at a significant discount that were vacated by a global payroll processing company.
Capstone rebranded the buildings, implemented a $5.0M capital and leasing program; 3 ADP was 100% NNN leased to Dish Network and 5 ADP’s occupancy increased to 100% from 50%.
Capstone executed a 150% cash out refinance in 2016.
Realized Deal IRR
Realized Deal EM
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