Pacific Equities

Main Office

This is an apartment building consisting of 21 residential units and 1 commercial unit. The Final Permit for TIC is on the way. It has a potential TIC value of over $5 Million. The commercial unit is occupied by a travel agency and the lease will not expire until year 2010 with an annual increase of 5%. 12 units are upgraded to be sold for TIC purposes and currently rented out as short term furnished units. There are 7 units with low rents with plenty of room for rent increases.