M&A
confidence high
sentiment positive
materiality 0.65
LFTD Partners' Lifted Made sells Kenosha building for $1.5M, repays all bank debt; cash tops $2.4M
LFTD PARTNERS INC.
- Lifted Made closed the sale of its 11,238 sq ft Kenosha, WI building at 5511 95th Ave to Ad Real Estate Group LLC for $1.5M cash on Sept 29, 2026; it was bought Dec 14, 2023 for $1,375,000.
- $841,109.63 of proceeds repaid the Surety Bank building loan (10% fixed rate, December 2028 maturity), including a $9,100 prepayment penalty; LFTD has no bank debt remaining.
- Net cash proceeds to Lifted were $592,485.36 after a $45,000 broker commission, $4,500 Wisconsin transfer tax, $12,823.27 prorated tax credit to buyer, and $3,697 title/escrow costs.
- Following the sale, LFTD Partners held more than $2.4M in cash; President and CFO Jake Jacobs said Sept 30 consolidated cash exceeds the company's market cap by almost $1 million.
- Operations moved into existing leased Kenosha facilities totaling 41,025 sq ft; the accounting gain or loss is undetermined and will be reflected in Q3 2026 financials.