Focus Universal sells Ontario warehouse for $7.46M, leases back for one year at $16,804/mo

FOCUS UNIVERSAL INC.

Sold warehouse at 2311 E Locust St, Ontario, CA for $7,460,250; $2,611,087.50 cash paid, $4,849,162.50 pending financing approval.
Leased back property for one year (July 2024–July 2025) at $16,804/month from Veena Asset Management LLC.
Total due upon lease execution: $58,812 (first month rent, operating expenses estimate, and $39,208 security deposit).
Buyer deposited $100,000 into escrow; closing 30 days after satisfaction of contingencies including financing.

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