United Furniture & Brick Wearhouse
DATE PURCHASED: 1993
TOTAL CAPITAL INVESTED: $1,210,000
CURRENT ESTIMATED MARKET VALUE: $2,300,000
APPROXIMATE ANNUAL DIVIDEND CASH FLOW: 25.5%
In 1993 the United Furniture & Brick Warehouse was purchased with $320,000 cash and a new 1st mortgage of $890,000 payable over 15 years. The mortgage was paid out as planned and has been free and clear since. The property is occupied by national tenants creating a higher level of security and stability.