MLP enters definitive agreement to sell Kapalua property for $10M base plus up to $1.14M/acre

MAUI LAND & PINEAPPLE CO INC

Sale of 8.783 acres (Lot 2-D) for $10M, plus up to 3.5 acres at $1,138,565/acre.
Buyer is DC Kapalua 1 Property, LLC; 90-day due diligence period, then buyer must seek governmental approvals.
Agreement includes trademark license, master lease of retail space, and amenities for Kapalua Club members.
If required approvals not secured, either party may terminate; earnest money becomes nonrefundable over time.
Closing contingent on buyer acceptance and securing approvals; no definitive close date.

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

MAUI LAND & PINEAPPLE CO INC entered into Purchase and Sale Agreement and Escrow Instructions with DC Kapalua 1 Property, LLC valued at $10,000,000 for Lot 2-D, plus an additional cost of $1,138,565 per acre of the Additional Land (effective 2026-05-27).

Action: entry
Agreement: asset purchase
Counterparty: DC Kapalua 1 Property, LLC
Value: $10,000,000 for Lot 2-D, plus an additional cost of $1,138,565 per acre of the Additional Land
Effective: 2026-05-27

Exact text from the filing

On May 27, 2026, Maui Land & Pineapple Company, Inc., a Delaware corporation (the “Company”), entered into a Purchase and Sale Agreement and Escrow Instructions (the “Purchase Agreement”) with DC Kapalua 1 Property, LLC, a Delaware corporation, (the “Buyer”), pursuant to which the Company agrees to sell to the Buyer certain real property (the “Property”) located in Kapalua, Maui, Hawaii, consisting of (i) 8.783 acres of land (“Lot 2-D”), and (ii) up to 3.5 acres of an adjacent land parcel (the “Additional Land”).

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Source: SEC EDGAR

accession 0001437749-26-019176

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