Bouganvilla Court is Sold, Listed at $2,250,000, sold for $1,850,000.

Building Size with covered sidewalks in front of all stores = 40,000 sq.ft.

Stores are nominally 1000 sq.ft. each, rentable = 38,925 sq.ft.

Property is triangular with streets on three sides = 2.73 acres = 118,962 sq ft.

Service doors and driveway in rear of each store, front common parking lot.

Gross Scheduled Income (average $7.04/ sq.ft.) = $274,046 

Building Expenses , annualized for 2002

Management, Building and Lawn Maintenance = $6,000

Property Insurance = 12,000

Property Taxes = 32,811

Utilities-water, sewer = 8,100

Utilities-electric = 3,000

Utilities- trash dumpster = 7,296

Total Operating Expenses =  $1.78/sq.ft. = $69,207 

Net Operating Income =  $5.26/sq.ft. = $204,839