---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-032131"
form_type: "8-K"
ticker: "BRST"
cik: "0000764897"
company_name: "Broad Street Realty, Inc."
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T11:22:57.236307+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Broad Street Realty sells Spotswood Valley Square Shopping Center for $23.0M cash

## Summary
- Sold 190,646 sq ft retail shopping center in Harrisonburg, VA for $23.0M cash on June 30, 2023.
- Proceeds repaid $14.1M of mortgage debt; net cash of $8.3M added to balance sheet.
- Pro forma nonrecurring gain on disposition of $11.7M recognized.
- Pro forma net loss per share for FY2022 improves from $(0.47) to $(0.45) after removing Spotswood operations.

## SEC filing metadata
- accession: 0000950170-23-032131
- form_type: 8-K
- ticker: BRST
- cik: 0000764897
- company_name: Broad Street Realty, Inc.
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764897/000095017023032131/0000950170-23-032131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764897/000095017023032131/brst-20230630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-032131
- JSON: https://secwatch.observer/filing/0000950170-23-032131.json
- Plain text: https://secwatch.observer/filing/0000950170-23-032131.txt

## Key facts
- M&A Transactions
  Broad Street Realty, Inc. completed a disposition for $23.0 million in cash (closed 2023-06-30).
  - Action: disposition
  - Consideration: $23.0 million in cash
  - Closing: 2023-06-30
  source text: On June 30, 2023, a subsidiary of Broad Street Realty, Inc. (the “Company”) completed the sale of Spotswood Valley Square Shopping Center, a retail shopping center located in Harrisonburg, Virginia with approximately 190,646 square feet of gross leasable area, for a purchase price of $23.0 million in cash (the “Spotswood Disposition”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/764897/000095017023032131/0000950170-23-032131-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.