AN EMPTY WALMART COSTS $2.95 MILLION…?

Walmart even makes money off of vacant buildings, lots of money. I know that there is an actual structure involved and parking lot space and land in general, but the idea that Walmart can make more money off the sale of one abandoned building that what all the former employees might have made in a decade or so, just boggles the mind. In SOLD! Westport buys former Port Angeles Walmart building; site will house shipyard's cabinet shop, the Peninsula Daily News reports:
Westport LLC, which builds 164-foot luxury yachts at its Port Angeles shipyard, has purchased the old Walmart building in east Port Angeles. The 130,000-square-foot building on 24 acres off U.S. Highway 101 was acquired to house Westport's cabinet shop, engineering department and administrative staff, Westport General Manager David Hagiwara said in an interview with Peninsula Daily News waterfront columnist David Sellars. Hagiwara did not reveal the purchase price. The building and acreage had been for sale for almost $3 million. Needing more space, Westport plans to move its operations to the building, empty since 2010, from the Port of Port Angeles industrial park near the airport where it has built cabinets for its yachts for almost 15 years.
Maybe Walmart gave Westport a deal in exchange for consideration on two or three of those 164-foot yachts. Jeff Hess: Have Coffee Will Write.

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