$HIHI Combined, the medical facilities have 16,000 square feet of rental space with strong long term tenants for $ 1.5 million. The annual net income of the clinics is approximately $ 150,000 (actual clinic l + projected clinic II). The acquisitions will be done in stages, starting with clinic I for $ 1.0 million. Clinic II will be acquired when the occupancy and net income is maximize expected to be late 2017, or early 2018. Clinic II is projected to generate $ 67,000 in annual net income with an ROI of 8.2 %. The heliport will be deeded to the Company at no cost on the close of the purchase of clinic II.
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