Brunton Building
DATE PURCHASED: 2002
PURCHASE PRICE: $85,000
TOTAL CAPITAL INVESTED: $185,000
CURRENT ESTIMATED CASHFLOW MARKET VALUE: $550,000
APPROXIMATE ANNUAL DIVIDEND CASH FLOW: 11.8%
The Story:
Before acquiring this Building in 2002, it has been vacant for two years and the subject of a receivership. The acquisition team purchased the building and relocated his Real Estate office there. Prior to relocation, the building received a new exterior and updated interior. Subsequently the space was leased to a Chiropractic Office and Tire & Lube Shop. The latest exterior treatment was completed early 2016.