1. Subject matter: Right-of-use assets for buildings in Socorro, Texas, USA. 2. Date of occurrence: April 24, 2026. 3. Board approval date: April 24, 2026. 4. Transaction details: Item 1: Area 439,796 sq ft; Monthly rent $458,120.83; Asset value $59,628,235.60. Item 2: Area 441,266 sq ft; Monthly rent $487,231.21; Asset value $63,352,794.23. 5. Counterparties: SLC BUILDING 6, LLC and SLC BUILDING 9, LLC (Non-related parties). 6. Relationship: Non-related parties. 7. Lease period: Item 1: July 1, 2027 to Dec 31, 2039. Item 2: June 1, 2027 to Nov 30, 2039. 8. Decision method: Negotiation based on market rates. 9. Appraisers: Cushman & Wakefield and Wilkinson, Pendergras & Associates, LP. 10. Appraised values: Consistent with transaction amounts (approx. $59M-$61M per building). 11. Purpose of acquisition: To meet operational requirements. 12. Related party transaction: No.
FACT BOX
- Source: PR Times
- Category: News
- Organizations: Wiwynn Technology Corporation / SLC BUILDING 6, LLC / SLC BUILDING 9, LLC