secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0001558370-25-008564
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025008564/0001558370-25-008564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025008564/mdrr-20250611x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-008564

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