---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-008564"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2025-06-12T23:59:59+00:00"
generated_at: "2026-05-19T10:45:53.636317+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified REIT agrees to acquire 42,461 sq ft property in Pensacola, FL for $14.5 million

## Summary
- MDRR subsidiary MDRR XXV Depositor 1, LLC signs Purchase and Sale Agreement with Drake Motor Partners Pensacola LLC on June 11, 2025.
- Total consideration for the property at 312 E. 9 Mile Road is $14,544,504, with a $500,000 earnest money deposit due within 3 business days.
- The property is fully leased to Tesla, Inc. under a lease dated September 21, 2024, and the purchase price is subject to adjustment based on net operating income and a 6.15% cap rate.
- Closing expected within 45 days; conditions include tenant estoppel certificate and waiver of Tesla's right of first offer and purchase option.

## SEC filing metadata
- accession: 0001558370-25-008564
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2025-06-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000155837025008564/0001558370-25-008564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000155837025008564/mdrr-20250611x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-008564
- JSON: https://secwatch.observer/filing/0001558370-25-008564.json
- Plain text: https://secwatch.observer/filing/0001558370-25-008564.txt

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