Partnership sells 33% interest in Best Buy store for $1.44M, net gain of $324k

AEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP

Sold 33% interest in Lake Geneva, WI Best Buy store to BB Geneva LLC for net cash proceeds of ~$1,444,000.
Transaction resulted in a net gain of ~$324,000 on the sale.
Pro forma adjustments show income from operations would have decreased $57k for year ended Dec 31, 2021 if sold Jan 1.
Sale closed on March 29, 2022; purchase price for 100% interest was $4.56M per the agreement.

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