Plumas Bancorp Sells Quincy Offices for $5.55 Million in Sale-Leaseback Deal
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Plumas Bancorp completed a sale-leaseback deal, selling two Quincy offices for $5.55 million to BBS Branch III, LLC. Plumas Bank will lease back the properties for 15 years, starting with an annual rent of $463,000, increasing by 3% annually. The transaction resulted in a pre-tax gain of $5.5 million. This information was published via EDGAR by Plumas Bancorp.
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