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Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue:        
Basic rent income, from a related party $ 1,868,531 $ 1,868,517 $ 5,605,564 $ 5,606,054
Advance of additional rent income, from a related party 263,450 263,450 790,350 790,350
Further additional rent from a related party 3,085,983 55,347 3,085,983 55,347
Total rent income 5,217,964 2,187,314 9,481,897 6,451,751
Dividend income 254 398 802 1,219
Total revenue 5,218,218 2,187,712 9,482,699 6,452,970
Expenses:        
Interest on mortgages 1,386,869 1,418,318 4,183,817 4,274,907
Supervisory services, to a related party 48,478 46,845 142,168 62,535
Additional payment for services to supervisor, a related party         
Depreciation of improvements and equipment 631,015 515,613 1,912,741 1,348,222
Amortization of leasing commissions 73,412 90,336 230,618 298,664
Professional fees and miscellaneous 108,841 42,602 196,508 45,602
Total expenses 2,248,615 2,113,714 6,665,852 6,029,930
Net Income $ 2,969,603 $ 73,998 $ 2,816,847 $ 423,040
Income per $10,000 participation unit, based on 700 participation units outstanding during each period $ 4,242.29 $ 105.71 $ 4,024.07 $ 604.34
Distributions per $10,000 participation unit consisted of the following:        
Income $ 373.72 $ 105.71 $ 1,121.16 $ 604.34
Return of capital   $ 268.01   $ 516.82
Total distributions $ 373.72 $ 373.72 $ 1,121.16 $ 1,121.16