Sale and Leaseback of Real Estate - Additional Information (Details) $ in Millions |
Jun. 23, 2022
USD ($)
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Lessee, Lease, Description [Line Items] | |
Annual base rent | $ 1.5 |
Pretax gain on sale and lease back transaction | 12.5 |
Net cash inflow, after repayment of existing mortgage and settlement of related sale expenses | $ 14.9 |
Term of absolute triple net lease | The sale price was $20.6 million, of which $0.7 million was deducted at closing for commission and other closing expenses. Simultaneously with the closing, BTU entered into a two-year leaseback of the Property. The lease terms include annual base rent of $1.5 million in an absolute triple net lease. |
Property | |
Lessee, Lease, Description [Line Items] | |
Sale of property | $ 20.6 |
Sale price deducted for sale leaseback transaction commission and other closing expenses | $ 0.7 |
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- Definition Proceeds from sale of real estate net. No definition available.
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- Definition Amount of annual base rent included in the terms of the leaseback. No definition available.
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- Definition Sale price deducted for sale leaseback transaction commission and other closing expenses. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Cash received for the sale of real estate that is not part of an investing activity during the current period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale and leaseback transaction from transfer of asset accounted for as sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A description of the terms of the lease(s) related to the assets being leased-back in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Details
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