11% CAP


LOCATION: This Single Tenant Structure leased to the United States Veterans Administration is located in Downtown Hilo on the Big Island of Hawaii.
DESCRIPTION: 12,000 square foot two story VA treatment facility that was built in 1995.
LEASE: The Veterans Administration just renewed their lease for 5 years till December 15, 2005
NET OPERATING INCOME: The property generates a net operating income of $433,000 based on a contract rent of $583,498 commencing on December15, 2000) and stabilized expenses of $150,000 (same for past 5 years).
NOTES: 1. This two-story VA treatment facility was built in 1995 and designed architecturally to project the surrounding "plantation" feel.

2. The property has been well maintained and sits on a half an acre in downtown Hilo on the Big Island, Hawaii.

3. The existing annual contract rent (until December 15, 2000 is $310,000 and will increase to $583,498 on that date)
PRICE: This Federal Government leased property is priced for immediate sale at $3,936,000 reflecting an 11% capitalization rate based in the December rent increase..
  We will be happy to provide complete details to interested parties.

Contact Information

John M. "Jack" Peckham III CCIM, CIPS, RECS
Peckham Boston Advisors
(Founded 1963 - Our 47th Year)
Four Longfellow Place, Suite 2003
Boston, MA 02114
Phone 617 523 4441 Ext. 6

Email: info@REOtoCash.com
Web: www.REOtoCash.com

All information is from sources we deem reliable and is submitted subject to errors, omissions, prior sale, lease, withdrawal without notice, or change in price and conditions. While we do not doubt it's accuracy, no representation thereof is made.

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