AcquisitionsJun 9, 2026, 04:12 PM
Medalist Diversified to Acquire Kansas Property for $5.8M
AI Summary
Medalist Diversified, Inc. entered into a Purchase and Sale Agreement to acquire a property located at 14939 Metcalf Avenue, Overland Park, Kansas, for a total consideration of $5,800,000. The property includes 1.64 acres of land and a 16,100 square foot automotive service building. The Company made an earnest money deposit of $150,000 and expects the acquisition to close by July 28, 2026. Medalist Diversified plans to complete the acquisition through a newly formed Delaware statutory trust (DST) and offer beneficial interests to accredited investors.
Key Highlights
- Medalist Diversified, Inc. agreed to acquire a property at 14939 Metcalf Avenue, Overland Park, Kansas.
- The total consideration for the property is $5,800,000.
- The property consists of approximately 1.64 acres of land with a 16,100 square foot automotive service building.
- The Company is required to make an earnest money deposit of $150,000 within three business days.
- The acquisition is expected to close by July 28, 2026, within 45 days.
- Buyer has a one-time option to extend the closing date by 30 days with an additional $100,000 deposit.
- Seller has a one-time option to extend the closing date by up to 30 days for a 1031 exchange.
- The Company intends to assign its interests to a to-be-formed Delaware statutory trust (DST) for the acquisition.
Price Impact
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