U.S. SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549




                               FORM 8-K


                            CURRENT REPORT
                  Pursuant to Section 13 or 15(d) of
                  the Securities Exchange Act of 1934


                  Date of Report November 21, 2005
                 (Date of earliest event reported)


                         EACO CORPORATION
       (Exact name of registrant as specified in its charter)


                               Florida
             (State or other jurisdiction of incorporation)

         0-14311                           59-2597349
 (Commission File Number)      (IRS Employer Identification No.)


     2113 Florida Boulevard, Neptune Beach, FL         32266
      (Address principal executive offices)          (Zip Code)


Registrant's telephone number, including area code (904) 241-9798


Item 2.01  Completion of Acquisition or Disposition of
Assets

On November 20, 2005, the Registrant completed the purchase of
commercial real estate in Sylmar, California for $8.3 million.
The purchase was funded using approximately $6.5 million in cash
from the proceeds of the Registrant's previously announced asset
sale plus the assumption of a loan on the property for $1.8
million with a variable interest rate equal to price.  The lender
is unaffiliated with the Registrant.  The purchase was structured
as a like kind exchange transaction under Section 1031 of the
Internal Revenue Code.  The Registrant projects that the
completion of this transaction will allow the Registrant to
defer approximately $1 million in income taxes that would have
been due as a result of the Registrant's asset sale.

The property totals approximately 226,000 square feet and contains
buildings totaling approximately 65,000 square feet.  Two
industrial tenants occupy the property and pay rental income of
approximately $540,000 per year with scheduled increases during
their respective lease terms.  The Registrant plans to borrow
against or refinance this property and use the cash proceeds to
acquire an operating business or for other investment purposes.
The property was acquired from 12460 Gladstone LLC, which is
unaffiliated with the Registrant.


Exhibit 99.01   Press release dated November 22, 2005
announcing the purchase of a property in Sylmar,
California.





                           SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

                            EACO Corporation


Date:  November 22, 2005    By: /s/ Edward B. Alexander
                            Edward B. Alexander, President/
                            Chief Operating Officer