Medalist Diversified REIT agrees to sell Shops at Franklin Square for $24.5M

Medalist Diversified, Inc.

Total consideration $24.5M for 134,239 sq ft retail property in Gastonia, North Carolina.
Earnest money deposit of $150,000 due within 3 business days of February 3, 2026.
Closing expected within 45 days, subject to customary conditions; no assurance of completion.
Property sold "as is, where is" with standard representations and warranties.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Medalist Diversified, Inc. entered into Purchase and Sale Agreement with PC Acquisitions, LLC valued at $24,500,000 (effective 2026-02-03).

Action: entry
Agreement: asset purchase
Counterparty: PC Acquisitions, LLC
Value: $24,500,000
Effective: 2026-02-03

Exact text from the filing

On February 3, 2026, (the “Effective Date”), MDR Franklin Square, LLC, a Delaware limited liability company (the “Seller”), entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”), with PC Acquisitions, LLC, a North Carolina limited liability company (the “Purchaser”), whereby the Purchaser agreed to acquire (the “Acquisition”) the Shops at Franklin Square, a 134,239 square foot retail property located in Gastonia, North Carolina (the “Franklin Square Property”).

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Medalist Diversified, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-010034

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