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Subsequent Events
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events

12. SUBSEQUENT EVENTS

On April 29, 2016, the Company entered into a financing agreement to encumber our property Waterman Plaza, located in San Bernardino, CA.   The principal balance on the loan is $4,000,000 and it will mature on April 29, 2021.  The loan’s interest rate will reset annually and will be the greater of: (i) four and one-quarter percent (4.25%); or (ii) the one year LIBOR Rate plus three hundred (300) basis points.

On April 26, 2016, the Company entered into a purchase and sale agreement to sell one of the buildings at the Yucca Valley Retail Center for a purchase price of $1,250,000. The sale is scheduled to close on May 18, 2016.      

On April 29, 2016, the Company entered into a purchase and sale agreement to sell the Havana/Parker Complex for a purchase price of $3,300,000. The sale is expected to close during the third quarter.