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Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Basic rent income, from a related party $ 1,868,518 $ 1,868,769 $ 3,737,032 $ 3,737,537
Advance of additional rent income, from a related party 263,450 263,450 526,900 526,900
Total rent income 2,131,968 2,132,219 4,263,932 4,264,437
Dividend income 268 414 548 821
Total revenue 2,132,236 2,132,633 4,264,480 4,265,258
Expenses:        
Interest on mortgages 1,394,642 1,424,671 2,796,948 2,856,589
Supervisory services, to a related party 46,845 7,845 93,690 15,690
Depreciation of building improvements and equipment 648,277 420,337 1,281,725 832,609
Amortization of leasing commissions 77,246 92,289 157,206 208,328
Professional fees, including amounts to a related party 36,800 0 87,668 3,000
Total expenses 2,203,810 1,945,142 4,417,237 3,916,216
Net Income (Loss) $ (71,574) $ 187,491 $ (152,757) $ 349,042
Income (loss) per $10,000 participation unit, based on 700 participation units outstanding during each period $ (102.25) $ 267.84 $ (218.22) $ 498.63
Distributions per $10,000 participation unit consisted of the following:        
Income $ 0 $ 267.84 $ 0 $ 498.63
Return of capital $ 373.72 $ 105.88 $ 747.44 $ 248.81
Total distributions $ 373.72 $ 373.72 $ 747.44 $ 747.44