INSTITUTIONAL REAL ESTATE INVESTMENTS and links to other INSTITUTIONAL REAL ESTATE INVESTMENT PROPERTIES

INSTITUTIONAL REAL ESTATE INVESTMENTS
and links to other
INSTITUTIONAL REAL ESTATE INVESTMENT PROPERTIES

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INSTITUTIONAL REAL ESTATE INVESTMENTS: Property # 1021
Institutional Real Estate Investments Tenant:     Kmart

Capitalization Rate (CAP):     8.66%

Asking Price:     $5,479,478

Net Operating Income (NOI):     $474,571

State Located:     IL

Lease Terms:     25 years, with commencement of 5-31-93. (10) five year options

Size of Building:     119,087 sq. ft.

Size of Lot:     9.86 acres

Financing     $5,027,044, annual debt service $474,571, interest rate 7.88%

Additional Comments: Loan maturity 5-31-2018, remaining am. yrs 22.92, prepayment prohibition 12 years, prepayment penalty thereafter 2.50%, no assumption fee.

Request for Package & Non-Exclusive Agreement: Buyers currently under agreement in our files, simply request more information. Buyers interested in the above INSTITUTIONAL REAL ESTATE INVESTMENT property and not yet under previous agreement, please request our agreement.

Information contained herein has been obtained from sources that are deemed reliable. We have no reason to doubt the accuracy, however we do not guaranty it. This INSTITUTIONAL REAL ESTATE INVESTMENTS property is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.