AcquisitionsApr 27, 2026, 02:46 PM
FCUV Acquires 100,743 Sq. Ft. Office Building for $17.7M
AI Summary
FOCUS UNIVERSAL INC. (FCUV) has entered into an agreement to purchase real property located at 901 Corporate Center Drive, Monterey Park, California, from 901 CORPORATE CENTER, LP. The acquisition includes a 100,743 sq. ft. office and commercial building, a four-level parking structure, tenant leases, and personal property for a purchase price of $17,700,000.00. The agreement outlines a $525,000.00 deposit, a 30-day due diligence period, and a 45-day financing contingency period, with closing expected 60 days from the opening of escrow.
Key Highlights
- FCUV to acquire real property, including a 100,743 sq. ft. office and commercial building.
- Purchase Price set at $17,700,000.00.
- Buyer to deposit $525,000.00 as a non-refundable deposit after due diligence and financing contingencies.
- Due Diligence Period is 30 days from the Effective Date.
- Financing Contingency Period is 45 days from Escrow opening.
- Closing Date is 60 days from Escrow opening, with a potential 15-day extension for Seller.
- Seller's liability for representations and warranties capped at $1,500,000 for a 6-month survival period.