INVESTMENT OPPORTUNITY

A unique investment opportunity for

the first time investor or the experi-

enced investor who desires a guaran-

teed income with a favorable buy in Cap

Rate and a fantastic cash on cash re-

turn.

The opportunity consists of fifteen (15)

individual condo units with their own

APN numbers scattered throughout 7

buildings which contain a total of 51

condo units. The 15 units being offered

may be purchased in quantities of 5, 10

or all 15 units.

The Seller will sign a NN lease for 5 years (with options to renew) leasing back the units for $1,200 per

month. See the attachment for the income and expense analysis.

The Seller operates a guest lodge called the

International Hotel and the units will be

incorporated into the hotel’s guest accom-

modations. The owner has grouped the

units into three separate groups based on

desirability of location and access to pool

views, spa views and ease of location to

hotel facilities and has priced them accord-

ingly. The 5 most desirable are priced at

$150,000 each with minimum purchase of

the 5 units, the 2nd group of 10 units are

also more desirable than the remaining 22

units and are priced at $145,000 each with

a minimum purchase of 5 units. The remaining 22 units are available through another broker, but must be

purchased as one grouping of 22 units for $140,000 each. We will be pleased to arrange a showing of these

units if you wish to consider these units.

This sale/leaseback arrangement is similar to what many retailers like Dollar General and McDonald’s do eve-

ry day.

The Seller will also, in accordance with the NN lease back provide full maintenance and service for all com-

mon areas including pools, Jacuzzis, parking lots etc. There is also an HOA that is funded by the Seller and he

operates to provide all common area management functions.

MARKET OVERVIEW Nestled in the Heart of the Coachella Valley is Palm Desert, 14 miles East of Palm Springs, 122 miles southeast of Los An-geles, 120 miles northeast of San Diego. A true resort experi-ence, tranquility of the natural desert environment and thriv-ing with Beverly Hills type shops, these are some of the rea-sons visitors frequent the City of Palm Desert. Palm Desert lies south of Joshua Tree National Park in the southeastern part of the state of California. Palm Desert is located within the Coachella Valley in Riverside County and was named Palm Village in the 1920’s for the enormous amount of Date Palms that were planted. In 1951 the city was given its cur-rent name and has become a premiere tourist destination for those seeking a true destination experience, the tranquility of the natural desert environment and the therapeutic benefits of the World Class Shopping on El Paseo .

The first residential development occurred in 1943 in connection with an Army maintenance camp in the area. That site was later developed into "El Pa-seo", an upscale shopping district not unlike Rodeo Drive. In 1948, the Palm Desert Corporation began to develop real estate, and in 1951 the area was given its present name. Many celebrities keep homes in Palm Desert, in-cluding Rita Rudner and more recently, the current home of professional golfer Michelle Wie and one of the homes of Bill Gates. Film producers Jerry Weintraub and Robert Velo call Palm Desert their second home. With only 1,500 permanent resi-dents, the community was incorporated on No-vember 26, 1973. At the time, Palm Desert was a

master planned community situated in the desert that used to stretch from Palm Springs to Indio. Palm Desert and the greater Palm Springs area has numerous golf courses with breathtaking views of the Santa Rosa Mountains. Big Horn Golf Club, lo-cated roughly three miles from the property, was crafted by legendary golf course architects Arthur Hills and Tom Fazio, making these courses widely considered one of the best tests of golf in the Coachella Valley if not the World.