Went to Oxford (Lafayette county) on Friday and saw 3 properties.
First was DeLa Vine II, right off of highway 6 as you come into Oxford from the West. Two story with commercial space on bottom and condos on top. 14,960 sq ft. Asking price is $2.2 million. David Hollinger 662-934-9148.
Next was a big warehouse at 927 Whirlpool drive which was vacant. It is near Ole Miss and whoever was in this before has moved out. Some sort of manufacturing company. Agent is Jones Lang LaSalle company. 422,000 sq ft on 58 acres. Price was not available.
Last was warehouse at 13 Industrial drive off highway 7 south of Oxford. 68,000 sq ft on 5.5 acres. List price is $1.5 million or $22.06 per foot. Colliers Wilkinson Snowden. Preston Thomas 375-4800. Talked to Preston by phone. Last tenant, Toro, was paying rent of $3.5 NNN (triple net). Preston Thomas said that was too high. He said that some one has the building under contract to turn it into a sports workout gym. That person has gotten approval from Oxford authorities to do the conversion. I don't know what taxes, insurance and property maintenance are on the property, but surely they are at least $1.5 per foot per year, so that makes total rent around $5 per foot which is what we used to get at NBC for small spaces. So I agree rent of $3.5 NNN is too high and that owner could only probably get ????? maybe $2 per foot?? At $2 per foot NNN, it shows a much less attractive return than at $3.5 per foot NNN.
Preston also has a retail center for sale in Oxford. It is 100,000 sq ft and is at hwy 7 and University. Asking price is $5.5 to 6 million.
He also mentioned that the "EC" building (Exact Commerce) on South street in Collierville near Shamrock is still for sale. It is 40,200 sq ft total with 5,270 sq ft being office. Price used to be $2.2 million and now it is $1.75 million and owner wants to sell and might go lower. There is a brand new tenant in building who signed a 3 year lease. The new lease provides $3 per foot NNN to owner, which is approx $10,000 per month free and clear.
Monday, May 10, 2010
Tuesday, May 4, 2010
De La Vine II - Oxford MS
14,960 square foot 2 story building with commercial space on bottom floor and condos (now for rent) on top floor. Owned by David and Deanna Hollinger. Deanna's office number is (662) 234-1234. Address is 101 Ricky D Britt Blvd, Oxford 38655. David (662-934-9148 cell) said that there are 4 commercial spaces on ground floor which are approx 1870 sq ft each. He has one rented to a lawyer now for $2000 per month which is $12.83 per foot. There are 8 upstairs condos and they are built to be converted easily to commercial space if and when time is right. He is leasing these condos now because they are hard to sell. He is leasing for approx $750 per condo. So potential income right now is 4 x $2000 = $8000 downstairs and 8 x $750 = $6000 upstairs for a total monthly revenue of $14,000. That's $168,000 per year. $168,000 per year minus 8% vacancy and collection loss ($13,440) = $154,560. If expenses are 40%, then NOI is $154,560 - $61,824 = $92,736. So at a cap rate of 9%, building is worth $1,030,400 or about $69 per foot. It is priced at $2.2 million or $147 per foot !!!!!!!
Hollinger has the original De La Vine off Jackson (??) near an Applebees and some hotels. It is only one story.
Hollinger has the original De La Vine off Jackson (??) near an Applebees and some hotels. It is only one story.
Monday, April 12, 2010
Funds I learned about on Morningstar
VPCCX - Vanguard Prime Cap Core
VDIGX - Vanguard Dividend Growth
HABDX - Harbor bond fund - bought $100,000 of this today (12-apr-10) for Nickey Getwell Mini
VDIGX - Vanguard Dividend Growth
HABDX - Harbor bond fund - bought $100,000 of this today (12-apr-10) for Nickey Getwell Mini
Monday, April 5, 2010
sold vanguard total bond fund
5-April-2010
Today I exchanged the approx $77,000 that I had in the Total bond fund (VBMFX) in my personal account into two new bond funds.
VFICX - Intermediate term investment grade bond fund
VWEHX - High Yield Corp bond fund
I did this because I discovered that VBMFX is heavily invested in US Government securities and US mortgage backed securities. I do not want to invest in the US Government and also want to get a higher yield on my money. 40.1% of the VBMFX fund is invested in Treasury/Agency funds and 31.4% is in Government Mortgage-Backed funds. That's almost 72% of the entire fund!!!!
Thursday, March 25, 2010
Redeemed shares at T Rowe Price and Bought JNK at Fidelity
Today redeemed $100,000 from US treasury fund at T Rowe. They will send check to office. I will distribute to myself and GTN. I anticipate getting a total of $300,000 out of Hacks Cross TRP account so partners can invest it on their own for more yield. So there is $200,000 more to redeem after today.
I also bought $50,000 more of JNK (SPDR Barclays high yield) for my personal acct at Fidelity. Money came from money market account at Fidelity. There was $59,000 in money market fund, so after this trade there will be about $9000 left.
I also bought $50,000 more of JNK (SPDR Barclays high yield) for my personal acct at Fidelity. Money came from money market account at Fidelity. There was $59,000 in money market fund, so after this trade there will be about $9000 left.
Friday, March 12, 2010
spots on skin
Nancy Curran emailed me this link today.
http://dsap.net/
LAST UPDATED: 7/21/09
Hit "reload" on your browser to view most recent updates
DSAP is such an uncommon skin disorder that there is very little information available on it. I am not a doctor, but I've learned that amazingly (and sadly) the majority of Dermatologists either haven't even heard of DSAP or just plain can't recognize DSAP! ...General practice doctors? Forget about it!!! I found this out the hard way, learning 6 years later that I had some of these genetically predisposed spots that are brought on by sun and/or ultraviolet exposure (and in some cases possibly by some sort of relaxation of the epidermal immune system). AMAZINGLY I had visited 1 family physician and 4 dermatologists over the years before I finally got the correct diagnosis. These various doctors MISDIAGNOSED it as a fungus, "nothing", seborrheic keratosis, folliculitis, actinic keratosis (AKA solar keratosis). One of my dermatologists amazingly even did a biopsy for cancer before concluding that my skin condition was "nothing". Dermatologists most commonly misdiagnose DSAP patients as having actinic keratosis. In my case the one doctor who finally correctly diagnosed me was actually unsure whether I had actinic keratosis or DSAP or a combination of both. It is a major error for a doctor to misdiagnose DSAP as actinic keratosis because AK is a more serious condition. After having misdiagnosed or even after having correctly diagnosing a DSAP patient, doctors will often put the patient on a topical medication called Efudex (AKA Fluorouracil, Fluorouplex), which only makes DSAP look horribly red and irritated for many weeks or months, while really doing nothing to improve the skin condition. After reviewing many emails and guestbook posts I have concluded that Efudex is an aggravating waste of time when it comes to "treating" DSAP. This medication was designed for Actinic Keratosis - Not DSAP. Based on email reports from patients, I am of the opinion that you should also avoid any other medications that cause a harsh reaction (such as Levulan or "Blue Light"). Based on years of feedback from patients I have concluded that at this point in time there is no medication (topical or oral) that improves this condition.
Once DSAP has been diagnosed, the best thing you can do for improvement is to avoid further sun damage hopefully by using the strongest sunscreens and avoiding direct sunlight as best you can. Over time there really is improvement. Current "treatment" for DSAP is only suppressive or palliative (to try to make appear less offensive) rather than curative. Most patients (especially myself and those with light complexions) will argue that these harsh "palliative" treatments (like Efudex, lasers, freezing, and others) are a waste of effort and will worsen your appearance short term and may even worsen your long term appearance. I have however read and received reports of people's varying degrees of improvement from deep freezing and from using laser treatment, but for every positive report I get a negative report from patients who tried freezing (but wound up looking worse). Accordingly I suggest trying only test spots to start if you decide to venture down the freezing or laser treatment route. Read ALL of the guestbook posts BEFORE trying any treatment. Email as many people as you can with questions. Again, people with very fair skin might be best suited to just avoid freezing or laser treatment.
Getting rid DSAP spots (if at all possible) is certainly not as simple and easy as burning off a common wart. DSAP appears to be rooted in sun damaged DNA in your skin (dermis) and therefore it just keeps growing back. So I take any claims of DSAP "clearing" with skepticism. Is it possible to at least cosmetically get rid of DSAP spots (like pulling up a weed by the roots)? The guestbook post (below) are helping us get a clearer picture of this everyday. My gut feeling is that the only real DSAP treatment that will ever really work will emerge from an off label use of medication or combination of medications intended for psoriasis and/or actinic keratosis, or emerge someday from proteonics (protein expression) or stem cell therapy. Hopefully some of you visiting this page have the time and energy to try to get a University research fund under way. One of the first hurdles in getting research under way is finding patients to donate DNA samples. Fortunately as a result of maintaining this page for several years I already have contact info for many DSAP patients. I would expect that a good number of these people would be more than happy to help in research studies if one ever materializes.
DSAP is considered a rare disorder so most dermatologists have little (if any) experience with "treatments". Therefore it would be wise to do your OWN foot work and second guess your doctor's "treatment" advice, especially if they want to put you on a harsh treatment like Efudex, or chemical peel or extensive freezing treatment without trying test spots first and waiting several months. When first diagnosed, DSAP patients are often desperate to "try anything", and doctors feel compelled to at least "try something", however the best path may just be to simply make an effort to avoid the sun, wear strong sunscreen and take no medications at all, or maybe try "test spots" with various medications and/or freezing. Ask your doctor how many patients he/she has worked with. Just how knowledgeable is he/she? Does your doctor even know what DSAP is? It is YOUR OWN responsibility to find a knowledgeable doctor! Based on my experience there are very few who know their field inside and out. I believe that you might be best off finding an older (experienced) doctor who has practiced a long time and works out of an office with perhaps other dermatologists from whom they can get 2nd opinions. DSAP mainly effects people of European decent (white people) so perhaps you might get better diagnosis from a Caucasian doctor. There seems to be too little knowledge on the disorder. Much of the knowledge that IS out there is clouded and confused. But after reading this page YOU might become more knowledgeable on DSAP than the vast majority of dermatologists! I have sorted through the mess (by scouring the net, talking to some doctors and many patients) and finally created this page to share my experience, and for all of us to gather info from around the world about DSAP. Bookmark www.dsap.net and periodically check back for the latest DSAP news.
The combination of sun avoidance, wearing the strongest sunscreen (if you must go out in the summer sun), and wearing long-sleeve shirts (if you're outside for a prolonged time) can actually help reduce redness over months and years of time, and then with the combination of concealers you can actually look pretty good! When patients first notice DSAP, the redness usually looks pretty bad. Trust me you have a lot of improving to do once you stop hanging out in the sun. I believe that some of the redness of DSAP is maybe a bit like the knees you scarred as a kid. It can take months and years for that redness to improve. DSAP redness doesn't go away but it makes a difference to avoid the sun and wear SPF 65 or SPF 75.
I am trying to assess the effectiveness / ineffectiveness of various drugs that DSAP patients have tried. In particular I am looking to survey LONG TERM effect, as some patients may claim initial "success" but later lapse back to their previous condition or worse. Please contact me with your stories so that I can form better opinions to report on this site regarding "treatments".
http://dsap.net/
LAST UPDATED: 7/21/09
Hit "reload" on your browser to view most recent updates
DSAP is such an uncommon skin disorder that there is very little information available on it. I am not a doctor, but I've learned that amazingly (and sadly) the majority of Dermatologists either haven't even heard of DSAP or just plain can't recognize DSAP! ...General practice doctors? Forget about it!!! I found this out the hard way, learning 6 years later that I had some of these genetically predisposed spots that are brought on by sun and/or ultraviolet exposure (and in some cases possibly by some sort of relaxation of the epidermal immune system). AMAZINGLY I had visited 1 family physician and 4 dermatologists over the years before I finally got the correct diagnosis. These various doctors MISDIAGNOSED it as a fungus, "nothing", seborrheic keratosis, folliculitis, actinic keratosis (AKA solar keratosis). One of my dermatologists amazingly even did a biopsy for cancer before concluding that my skin condition was "nothing". Dermatologists most commonly misdiagnose DSAP patients as having actinic keratosis. In my case the one doctor who finally correctly diagnosed me was actually unsure whether I had actinic keratosis or DSAP or a combination of both. It is a major error for a doctor to misdiagnose DSAP as actinic keratosis because AK is a more serious condition. After having misdiagnosed or even after having correctly diagnosing a DSAP patient, doctors will often put the patient on a topical medication called Efudex (AKA Fluorouracil, Fluorouplex), which only makes DSAP look horribly red and irritated for many weeks or months, while really doing nothing to improve the skin condition. After reviewing many emails and guestbook posts I have concluded that Efudex is an aggravating waste of time when it comes to "treating" DSAP. This medication was designed for Actinic Keratosis - Not DSAP. Based on email reports from patients, I am of the opinion that you should also avoid any other medications that cause a harsh reaction (such as Levulan or "Blue Light"). Based on years of feedback from patients I have concluded that at this point in time there is no medication (topical or oral) that improves this condition.
Once DSAP has been diagnosed, the best thing you can do for improvement is to avoid further sun damage hopefully by using the strongest sunscreens and avoiding direct sunlight as best you can. Over time there really is improvement. Current "treatment" for DSAP is only suppressive or palliative (to try to make appear less offensive) rather than curative. Most patients (especially myself and those with light complexions) will argue that these harsh "palliative" treatments (like Efudex, lasers, freezing, and others) are a waste of effort and will worsen your appearance short term and may even worsen your long term appearance. I have however read and received reports of people's varying degrees of improvement from deep freezing and from using laser treatment, but for every positive report I get a negative report from patients who tried freezing (but wound up looking worse). Accordingly I suggest trying only test spots to start if you decide to venture down the freezing or laser treatment route. Read ALL of the guestbook posts BEFORE trying any treatment. Email as many people as you can with questions. Again, people with very fair skin might be best suited to just avoid freezing or laser treatment.
Getting rid DSAP spots (if at all possible) is certainly not as simple and easy as burning off a common wart. DSAP appears to be rooted in sun damaged DNA in your skin (dermis) and therefore it just keeps growing back. So I take any claims of DSAP "clearing" with skepticism. Is it possible to at least cosmetically get rid of DSAP spots (like pulling up a weed by the roots)? The guestbook post (below) are helping us get a clearer picture of this everyday. My gut feeling is that the only real DSAP treatment that will ever really work will emerge from an off label use of medication or combination of medications intended for psoriasis and/or actinic keratosis, or emerge someday from proteonics (protein expression) or stem cell therapy. Hopefully some of you visiting this page have the time and energy to try to get a University research fund under way. One of the first hurdles in getting research under way is finding patients to donate DNA samples. Fortunately as a result of maintaining this page for several years I already have contact info for many DSAP patients. I would expect that a good number of these people would be more than happy to help in research studies if one ever materializes.
DSAP is considered a rare disorder so most dermatologists have little (if any) experience with "treatments". Therefore it would be wise to do your OWN foot work and second guess your doctor's "treatment" advice, especially if they want to put you on a harsh treatment like Efudex, or chemical peel or extensive freezing treatment without trying test spots first and waiting several months. When first diagnosed, DSAP patients are often desperate to "try anything", and doctors feel compelled to at least "try something", however the best path may just be to simply make an effort to avoid the sun, wear strong sunscreen and take no medications at all, or maybe try "test spots" with various medications and/or freezing. Ask your doctor how many patients he/she has worked with. Just how knowledgeable is he/she? Does your doctor even know what DSAP is? It is YOUR OWN responsibility to find a knowledgeable doctor! Based on my experience there are very few who know their field inside and out. I believe that you might be best off finding an older (experienced) doctor who has practiced a long time and works out of an office with perhaps other dermatologists from whom they can get 2nd opinions. DSAP mainly effects people of European decent (white people) so perhaps you might get better diagnosis from a Caucasian doctor. There seems to be too little knowledge on the disorder. Much of the knowledge that IS out there is clouded and confused. But after reading this page YOU might become more knowledgeable on DSAP than the vast majority of dermatologists! I have sorted through the mess (by scouring the net, talking to some doctors and many patients) and finally created this page to share my experience, and for all of us to gather info from around the world about DSAP. Bookmark www.dsap.net and periodically check back for the latest DSAP news.
The combination of sun avoidance, wearing the strongest sunscreen (if you must go out in the summer sun), and wearing long-sleeve shirts (if you're outside for a prolonged time) can actually help reduce redness over months and years of time, and then with the combination of concealers you can actually look pretty good! When patients first notice DSAP, the redness usually looks pretty bad. Trust me you have a lot of improving to do once you stop hanging out in the sun. I believe that some of the redness of DSAP is maybe a bit like the knees you scarred as a kid. It can take months and years for that redness to improve. DSAP redness doesn't go away but it makes a difference to avoid the sun and wear SPF 65 or SPF 75.
I am trying to assess the effectiveness / ineffectiveness of various drugs that DSAP patients have tried. In particular I am looking to survey LONG TERM effect, as some patients may claim initial "success" but later lapse back to their previous condition or worse. Please contact me with your stories so that I can form better opinions to report on this site regarding "treatments".
Trip to Starkville MS and Koscuisko 11-March-10
Went to see:
Pine Grove apartments in Starville owned by Dwayne Brazil.
University Villages apartments in Starkville owned by Regions
Hickory Hills Mobile Home Park in Kosciusko.
Pine Grove - 59 units (39 and 20) --manager Daniel Allen (cell 662-418-2889). Daniel is paid $2500 per month and owner also gives him $500 per month with which to do maintenance at Pine Grove. Rent is $400 per month if appliances are furnished and $375 if not. They are going to a policy of not furnishing any appliances. Tenant has to bring own refrigerator and stove and washer dryer. Units are approx 600 sq ft. They are putting in nice looking tile that looks like hardwood in all units instead of carpet. They don't do credit checks on tenants. Daniel does maintenance himself except for heat and air, carpet & tile, and major stuff. They need a $30,000 asphalt job and coverting all units to tile floor will cost approx $1000 per unit or $40,000 to do remaining units. Daniel has only about 3 vacancies right now.
Daniel told me the Sugar Shacks were in forclosure and available for sale. They are 10 small houses (16 x 26 I think) next to Pine Grove. Bank wants $165,000 for all ten. They rent for $350 per month.
University Villages are nice. They are at Blackjack road and Hearst. I will call Jerry Harrington 684-4731at Regions for more info.
Hickory Hills Mobile Home Park is a pretty bad looking trailer park in Kosciusko.32 units I think. Brant Ratcliffe at Nancy Lane Commercial told me about these after I met him last week at magnolia trailer park in Vicksburg. Hickory Hills has 27 park owned trailers and according to Brant, 5 more are coming. Rent collected for a recent month was $13,600. Park is on city sewer and water. Asking price is $800,000.
There was a house in the back that seemed to be somewhat a part of the park. I don't know status of that. How many acres??? probably about 3 or 4.
Pine Grove apartments in Starville owned by Dwayne Brazil.
University Villages apartments in Starkville owned by Regions
Hickory Hills Mobile Home Park in Kosciusko.
Pine Grove - 59 units (39 and 20) --manager Daniel Allen (cell 662-418-2889). Daniel is paid $2500 per month and owner also gives him $500 per month with which to do maintenance at Pine Grove. Rent is $400 per month if appliances are furnished and $375 if not. They are going to a policy of not furnishing any appliances. Tenant has to bring own refrigerator and stove and washer dryer. Units are approx 600 sq ft. They are putting in nice looking tile that looks like hardwood in all units instead of carpet. They don't do credit checks on tenants. Daniel does maintenance himself except for heat and air, carpet & tile, and major stuff. They need a $30,000 asphalt job and coverting all units to tile floor will cost approx $1000 per unit or $40,000 to do remaining units. Daniel has only about 3 vacancies right now.
Daniel told me the Sugar Shacks were in forclosure and available for sale. They are 10 small houses (16 x 26 I think) next to Pine Grove. Bank wants $165,000 for all ten. They rent for $350 per month.
University Villages are nice. They are at Blackjack road and Hearst. I will call Jerry Harrington 684-4731at Regions for more info.
Hickory Hills Mobile Home Park is a pretty bad looking trailer park in Kosciusko.32 units I think. Brant Ratcliffe at Nancy Lane Commercial told me about these after I met him last week at magnolia trailer park in Vicksburg. Hickory Hills has 27 park owned trailers and according to Brant, 5 more are coming. Rent collected for a recent month was $13,600. Park is on city sewer and water. Asking price is $800,000.
There was a house in the back that seemed to be somewhat a part of the park. I don't know status of that. How many acres??? probably about 3 or 4.
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