Hmm.... our reader Charles woke me up here (thanks).... the story I had read on Joe Saward's (since corrected) site is not really right. Indeed the property at 9900 Twin Lakes Pkwy is for sale.Formula 1 Race Shop - Five-year NNN lease 33,690 Sq. Ft. in immaculate condition. 100% air conditioned and heated. $620,000 in building renovations by tenant in 2009. Leased through June 2014. 9.1% cap rate.
But it does mention in the listing that it's leased till 2014. Apologies to USF1 then.... Now get that car out!
I know there are some who believe in a conspiracy against USF1, they will surely wonder who sent this rather obscure tip to Saward, one of F1's influential and usually trusted sources...
end of post
