Twin Vee sells NC property for $4.25M; gains $241k on sale

Twin Vee PowerCats, Co.

Property sold Oct 31 for $4.25M; cash $500k at close plus $3.75M seller-financed note at 5%.
Net cash received $447,684 after $44.5k closing costs and $7.8k taxes.
Note payable in three installments: $500k+interest Oct 2026, $500k+interest Apr 2027, $2.75M+interest Oct 2027.
Transaction resulted in unaudited gain on sale of $241,061.
Company carried no debt or liabilities against the property; sale streamlines capital allocation.

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