Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2014

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

REAL ESTATE AND ACCUMULATED DEPRECIATION
As of December 31, 2014

Gross Carrying Amount
Initial Cost				Costs at December 31, 2014
Description	Acquisition Date	Land	Buildings and Improvements	Subsequent to Acquisition	Land	Buildings and Improvements	Total	Accumulated Depreciation
Azusa, CA	1/86	$ 696,000	$ 2,095,965	$ 19,563	$ 696,000	$ 2,115,528	$ 2,811,528	($ 2,115,528)
Elgin, IL	3/86	376,000	1,424,577	91,026	376,000	1,449,062	1,891,603	(1,449,062)
Everett, WA	6/85	352,350	1,252,536	27,565	352,350	1,280,101	1,632,451	(1,278,657)
Monterey Park, CA	12/85	420,200	1,409,050	122,800	420,200	1,531,850	1,952,050	(1,463,487)
Romeoville, IL	5/86	298,740	2,180,802	89,631	298,740	2,270,433	2,569,173	(2,271,519)
Aurora, CO	9/85	586,500	2,521,560	135,030	586,500	2,656,590	3,243,090	(2,656,595)
		$2,729,790	$10,884,490	$485,615	$2,729,790	$11,370,105	$14,099,895	$(11,234,798)

Notes:

1. Depreciation expense is computed using the straight-line method over an estimated useful life of 20 years for the buildings.

2. There are no encumbrances.

3. The dissolution of the Fund was also approved by the affirmative vote of the holders of approximately 55.3% of the Units, which will occur following the sale of the final property and the settlement of all accounts of the Fund.