Business
Focus Universal Inc. Announces Completed Acquisition of 901 Corporate Center Drive
WEST COVINA, CA - April 27, 2026 (NEWMEDIAWIRE) - Focus Universal Inc. (NASDAQ: FCUV) (the "Company"), a provider of patented hardware and software design technologies for the Internet of Things (IoT), 5G, and AI-driven SEC financial reporting automa...
About this update from Focus Universal Inc.
[{"type":"image","caption":"","headline":"Focus Universal Inc. Announces Completed Acquisition of 901 Corporate Center Drive","size":{"original":{"width":140,"height":73,"url":"https://media.zenfs.com/en/newsmediawire_165/01fd6b068cc98e56c06d212e335cb459"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nmgt6XHue_H1XJ_r9nZnMA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTExMA--/https://media.zenfs.com/en/newsmediawire_165/01fd6b068cc98e56c06d212e335cb459","width":140,"height":73}}},{"type":"text","content":"WEST COVINA, CA - April 27, 2026 (NEWMEDIAWIRE) - Focus Universal Inc. (NASDAQ: FCUV) (the "Company"), a provider of patented hardware and software design technologies for the Internet of Things (IoT), 5G, and AI-driven SEC financial reporting automation software, announced today that Focus Universal Inc. closed the acquisition of a five-level, Class A office and commercial building along with a four-level parking structure and land parcels, located at 901 Corporate Center Drive, Monterey Park, CA 91754. The surveyed aggregate land area of the purchase amounts to 464,955 square feet or 10.73 acres, which is divided into four separate parcels (Parcel Numbers, 5237-022-014, 046, 047, and 5237-002-021).","length":719,"tagName":"p"},{"type":"text","content":"The Property provides approximately 100,743 sq. ft. in rentable Class A office space over five levels, and has a parking ratio of 4.1/1,000, offering a blend of surface parking and adjacent four-level parking structure with a canopy of solar panels that are currently leased. Currently, the Property is 99.2% occupied by approximately 16 tenants. The Company does not intend to alter the terms of lease agreements in place with the current tenants, most of which have a term of 5 to 8 years. The Company plans to occupy approximately 2,000 square feet of space. The Company funded the purchase with a standard term loan agreement with East West Bank, as detailed in the 8-K filing. The Company has retained Lee and Associates to manage the property while the previous management, Jamison Services, will remain for 30 days to facilitate the transition.","length":851,"tagName":"p"},{"type":"text","content":""We are very happy with our building purchase of $17.7 million, which was discounted further from the $17.7 million purchase price by over $419,000 due to rent prorations, security deposits, and other su...