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Condensed Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
INVESTMENT PROPERTIES: (Note 2)    
Land $ 2,527,947 $ 2,527,947
Buildings 4,101,067 4,101,067
Accumulated depreciation (3,652,192) (3,621,157)
Net investment properties 2,976,822 3,007,857
OTHER ASSETS:    
Cash 657,761 200,369
Cash held in Indemnification Trust (Note 8) 455,807 454,692
Security deposits escrow 64,392 64,355
Rents and other receivables 581,324
Deferred tenant award proceeds escrow 99,899 107,095
Prepaid insurance 4,629 11,135
Utility deposit 6,530 6,530
Properties held for sale 317,151 317,151
Deferred charges, net 198,297 113,787
Total other assets 1,804,466 1,856,438
Total assets 4,781,288 4,864,295
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 49,941 25,399
Property tax payable 1,500
Due to General Partner (Note 5) 1,242
Deferred rent 100,590 106,077
Security deposits 64,340 64,340
Unearned rental income 5,000 5,000
Total current liabilities 221,371 202,058
CONTINGENCIES AND COMMITMENTS (Notes 7 and 8)
General Partner -    
Cumulative net income (retained earnings) 358,418 358,441
Cumulative cash distributions (148,698) (148,698)
Total general partners' capital 209,720 209,743
Limited Partners (46,280.3 interests outstanding at March 31, 2017 and December 31, 2016)    
Capital contributions 46,280,300 46,280,300
Offering Costs (6,921,832) (6,921,832)
Cumulative net income (retained earnings) 41,849,226 41,851,523
Cumulative cash distributions (76,017,268) (75,917,268)
Total limited partners' capital 5,190,426 5,292,723
Former General Partner -    
Cumulative net income (retained earnings) 707,513 707,513
Cumulative cash distributions (1,547,742) (1,547,742)
Total former general partners' capital (840,229) (840,229)
Total partners' capital 4,559,917 4,662,237
Total liabilities and partners' capital $ 4,781,288 $ 4,864,295