Investment Real Estate - Summer 2004

In today’s escalating market, investors often look to real estate for appreciation rather than annual return on investment.  Attractive leased investments are hard to find and  when available, capitalization rates are 6%-8% with few on the higher end. Some investors are converting  average real estate purchases into great long term real estate investments. Case in point; 4380 Independence Court, an 8,000 sq ft industrial building sold for a respectable $70 per square foot and the new owner leased the property for $8 per square foot triple net after only one month on the market. That’s an 11.5% return! Not bad in today’s market.