Date Purchased: March 11, 1996
Purchase Price: $ 460,000
Current Estimated Market Value: $715,000
Approximate Annual Dividend Cash Flow: 25.5%
The Westburne Building:
was purchased in 1996 on an all cash basis and to this day is occupied with the same tenant. Later a mortgage was placed on the building at 65% loan to value to recover working capital and during 2015 a new roof and paint job was completed.