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Real Estate Held for Sale | 3 Months Ended
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Dec. 31, 2013
Notes to Financial Statements |
Real Estate Held for Sale | (10) Real Estate Held for Sale. In November 2013 the Company signed an agreement to sell 4.4 acres at Patriot Business Park for $2,000,000. The book value of the property at December 31, 2013 was $1,316,000. The sale is expected to close in the second half of calendar 2014. In July 2013 the Company sold 15.18 acres of land at Patriot Business Park resulting in $835,000 of cash held in escrow related to future obligations of the Company pertaining to this sale which will be satisfied during fiscal 2014. The Company sold 284 acres of Gulf Hammock mining property in August 2013 resulting in cash held in escrow of the amount of the gross proceeds of $734,000 held by a 1031 intermediary.

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