UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
---------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 15, 2000
MAXUS REALTY TRUST, INC.
(Exact Name of Registrant as Specified in its Charter)
MISSOURI 00-13457 48-1339136
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
104 Armour Road, North Kansas City, MO 64116
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (816) 303-4500
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Item 5. Other Events.
On August 15, 2000, the Registrant entered into a contract to sell the
Franklin Park Distribution Center, a warehouse and distribution facility
("Franklin Park"), located at 3431 N. Powell Avenue in Franklin Park, Illinois,
a suburb west of Chicago, to an unrelated third party, Industrial Holdings, LLC,
a Delaware limited liability company ("Industrial"). The sale price is
$4,300,000. The contract is subject to a thirty (30) day inspection period, with
Industrial having a right to extend this inspection period an additional thirty
(30) days to conduct a Phase II environmental study, pursuant to which
Industrial has the right to terminate the contract without liability. The sale
is scheduled to close within sixty (60) days after the initial thirty (30) day
inspection period. The sale is subject to certain conditions, including but not
limited to Industrial obtaining acceptable financing and the Registrant's
delivery of title and subordination, non-disturbance and attornment agreements
and estoppel letters from all tenants satisfactory to Industrial. There can be
no assurance that this transaction will be consummated, but if it is, the
Registrant anticipates a gain of approximately $1,000,000.
A copy of the sale contract is attached as an exhibit hereto.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) Exhibits
10.1 Real Estate Sale Contract dated August 15, 2000 by and between Maxus
Realty Trust, Inc. and Industrial Holdings, LLC.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Maxus Realty Trust, Inc.
Date: August 25, 2000 By: /s/David L. Johnson
David L. Johnson
Chairman
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EXHIBIT INDEX TO FORM 8-K
Exhibit
Number Description
10.1 Real Estate Sale Contract dated August 15, 2000 by and between
Maxus Realty Trust, Inc. and Industrial Holdings, LLC.
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