AEI INCOME & GROWTH FUND 24 LLC: M&A transaction — AEI Income & Growth Fund 24 sells 50% interest in Macon clinic to affiliate for $1.05M, records $543K gain

AEI INCOME & GROWTH FUND 24 LLC

Net cash proceeds ~$1,046,000; net gain ~$543,000 from sale of 50% interest in Macon clinic.
Buyer is affiliate AEI Income & Growth Fund 25 LLC; price $1,050,000 based on CBRE appraisal.
Property at 100 North Macon Street, GA, subject to existing lease with Macon Healthcare LLC.
Pro forma: Net Income would have been $53,134 (2021) and $307,401 (H1 2022) if sale occurred earlier.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

AEI INCOME & GROWTH FUND 24 LLC completed a disposition involving AEI Income & Growth Fund 24 LLC for net cash proceeds of approximately $1,046,000 (closed 2022-11-01).

Action: disposition
Counterparty: AEI Income & Growth Fund 24 LLC
Consideration: net cash proceeds of approximately $1,046,000
Closing: 2022-11-01

Exact text from the filing

in Macon, Georgia to AEI Income & Growth Fund 24 LLC, an affiliate of the Company that owns an interest in the property. The Company received net cash proceeds of approximately $1,046,000 for the property, which resulted in a net gain of approximately $543,000. Section 9 – Financial Statements and Exhibits

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Source: SEC EDGAR

accession 0000894245-22-000111

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