GAIA INC
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
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Item 2. Properties
Our principal physical properties are set forth below. We believe these facilities are adequate to meet our current needs.
| Size | Use | Owned/Leased | |
| Louisville, CO | 138,502 sq. ft. | Headquarters | Partially Owned/Leased |
|---|---|---|---|
| Louisville, CO | 11,760 sq. ft. | Production Studio | Owned |
On September 9, 2020, our wholly owned subsidiary Boulder Road sold a 50% undivided interest in a portion of our Colorado campus to Westside Boulder, LLC. Boulder Road retained a 50% undivided interest in the property as well as full ownership of our studio and production facilities. In connection with the transaction, Boulder Road leased the property pursuant to a master lease for a term extending through September 30, 2030, with two five-year extensions. Gaia guaranteed Boulder Road’s obligations under the master lease. Our Colorado facility is subject to a $13.0 million mortgage with First Interstate Bank as lender.
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