In today’s escalating market, investors often look to real estate for appreciation rather than annual return on investment. Attractive leased investments are hard to find and when available, capitalization rates are 6%-8% with few on the higher end. Some investors are converting average real estate purchases into great long term real estate investments. Case in point; 4380 Independence Court, an 8,000 sq ft industrial building sold for a respectable $70 per square foot and the new owner leased the property for $8 per square foot triple net after only one month on the market. That’s an 11.5% return! Not bad in today’s market.