Claremont Medical Building

Purchase Date: September 2002 Price: $975,000
Cash on Cash Return: 6.00% Project 5 Year IRR: 15.8%
Current Market Value: $1,275,000
Note: This 5,000+ square foot medical office building was purchased from the owner, a medical clinic operator, on a “sale & lease-back” agreement. The property produced signficant cash flow throughout the term of the lease and is currently under contract to sell to a new owner/user at a price that will produce a very solid return to the investors.