Incredible Opportunity to own an income producing office building in St. Augustine Beach, FL.

Realize a 7.5% Return on Investment plus Appreciation

Seller will consider holding Mortgage for 80% of Purchase Price at 8%

St. Augustine Beach Office Building

4 offices with central bathroom

Occupancy Rate 99.8% for last 7 years

Reserve for Roof in Escrow

Location: 4075 A1A South, Building Realize a 7.5% Return on Investment plus Appreciation

Only $219,000

Seller will consider holding Mortgage for 80% of Purchase Price at 8%

St. Augustine Beach Office Building

4 offices with central bathroom

Occupancy Rate 99.8% for last 7 years

Reserve for Roof in Escrow

Location: 4075 A1A South, Building B, Unit 200 (upstairs)

Current rents are below market and can easily be raised to $450.00 per unit

This would yield $21,600 gross income

Approximately 1000sq ft

Office Building has 9 Units

Current Balance in Escrow $43,000

Annual property Tax (2004): $1,567.

Annual Office/Condo Fee: $2,100

All other expenses (utilities, insurance, etc.): $1500

Current Rents (per month): Unit A $349, expires 1/30/05 Unit B $370, expires 12/1/05

Unit C $ 330, xpires 1/31/06

Unit D $ 360, expires /31/06

In 7 Years these offices only have had one vacancy for 1 week.