On June 11, 2025, Medalist Diversified REIT Inc. announced a significant real estate transaction through its wholly-owned subsidiary, MDRR XXV Depositor 1, LLC. The subsidiary has entered into a Purchase and Sale Agreement with Drake Motor Partners Pensacola LLC to acquire a 42,461 square foot, single-story building located on 3.498 acres at 312 E. 9 Mile Road, Pensacola, Florida. The total consideration for this acquisition is set at $14,544,504. The transaction, expected to close within 45 days, includes an earnest money deposit of $500,000. The agreement encompasses customary provisions, warranties, and conditions typical for commercial real estate transactions, though several conditions must still be met to finalize the acquisition.
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