4079, 4083, 4087 Calloway Court in Stockton consist of three industrial condominiums totaling 11,000 +/- square feet. The units are part of a two building 45,550 +/- square feet multi-tenant light industrial/ service commercial project. The units are adjacent to Highway 99, offering unobstructed signage to 90,000 cars per day. A cloverleaf on/off ramp to Highway 99 is less than a half mile from the project.

The units were in shell condition and not demised.  The assets were purchased for $48 per square foot.  Construction, including demising the units and providing high end finishes in the office space was completed.  The three (3) units were leased prior to completion of the improvements.  A conventional loan was placed on each unit providing ultimate long-term flexibilty.  Ninety percent of the intial cash invested was returned and annual returns greater than 18% are projected.