The Bonney Lake Medical Campus

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Purchase Date: March 2006 Price: $4,850,000
Cash on Cash Return: 7.00% Project 5 Year IRR: 20.50%
Current Market Value: $5,750,000 ($7,900,000 with development parcels)
Note: The Bonney Lake Campus includes three separate tax parcels that will allow CEP to develop over 60,000 SF of Class A medical/professional office space. The site already has a fully occupied 20,000 SF medical building that produces the cash flow and valuation suggested above. The two remaining sites are unencumbered and suggest a post development valuation for the campus in excess of 20mm.