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500 So. Palm Canyon Dr., Palm Springs, CA

  • Alan Ladd Building - Palm Springs, CA
  • Performed value add renovations and repositioning in 2006 resulting in increased rents by 2x to 5x multiple
  • Purchased building in 2005 for $117 per square foot
  • Refinanced building in December 2007 at appraised value of $257 –> over 2x costs basis
  • Realized IRR over 100% via refinancing.

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Building exterior


Rear entry

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