Plumas Bancorp Sells Quincy Offices for $5.55 Million in Sale-Leaseback Deal
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.
Plumas Bancorp announced the completion of the sale of two administrative offices in Quincy, California, by its subsidiary Plumas Bank to BBS Branch III, LLC for $5.55 million. Concurrently, Plumas Bank entered into 15-year triple net lease agreements to lease back the properties, with annual rent starting at approximately $463,000 and increasing by three percent each year. The sale-leaseback transaction resulted in a pre-tax gain of about $5.5 million for the company. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plumas Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-036079), on November 24, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
