---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010667"
form_type: "8-K"
ticker: "CXDO"
cik: "0001075736"
company_name: "Crexendo, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T09:57:31.720649+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Crexendo sells Tempe office building for $4M, enters 18-month leaseback

## Summary
- Sale price $4,000,000; existing mortgage of ~$1,767,490.88 paid off at closing.
- Company enters 18-month leaseback; may terminate at 12 months with 60-day notice.
- Buyer: NECTAR 52ND 2023, LLC.

## SEC filing metadata
- accession: 0001654954-23-010667
- form_type: 8-K
- ticker: CXDO
- cik: 0001075736
- company_name: Crexendo, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075736/000165495423010667/0001654954-23-010667-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075736/000165495423010667/cxdo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010667
- JSON: https://secwatch.observer/filing/0001654954-23-010667.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010667.txt

## Key facts
- Material Agreements
  Crexendo, Inc. entered into Agreement with NECTAR 52ND 2023, LLC valued at Four Million Dollars (US) ($4,000,000.00) (effective 2023-08-09).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: NECTAR 52ND 2023, LLC
  - Value: Four Million Dollars (US) ($4,000,000.00)
  - Effective: 2023-08-09
  source text: On August 9, 2023, Crexendo, Inc. (the “Company”) through its wholly owned subsidiary Crexendo Business Solutions, Inc. sold the Company’s office building (“Building”) located at 1615 S 52nd St. Tempe, AZ 85281 to NECTAR 52ND 2023, LLC (the “Buyer”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495423010667/0001654954-23-010667-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.