PECKHAM BOSTON ADVISORS
FOUR LONGFELLOW PLACE, SUITE 2003
BOSTON, MA. 02114
TELEPHONE: 617-523-4440 FAX: 617 523 4736
E-mail: bostonjack@earthlink.net
WORLDWIDEWEB OFFICE: http://www.inetworks.com/revest/
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EXECUTIVE SUMMARY
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: John M. Peckham III 617-523-4440 |
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.