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) January 11, 2001
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 January 11, 2001, 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, Vanguard Archives, Inc.,
an Illinois corporation ("Vanguard"). The sale price is $4,550,000. Vanguard
deposited One Hundred Thousand ($100,000) as an earnest money deposit into a
joint escrow account.
The contract is subject to a due diligence period until February 15, 2001,
pursuant to which Vanguard, in its sole and absolute discretion, has the right
to terminate the contract without liability and the right to the return of the
earnest money deposit. The sale is scheduled to close on March 1, 2001. The sale
is subject to certain conditions, including but not limited to Registrant's
delivery of title insurance, a general warranty deed, survey and subordination
agreements and estoppel certificates from all tenants satisfactory to Vanguard.
The Registrant must pay an independent real estate broker a commission of five
percent (5%) of the total purchase price excluding any prorations or offsets.
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 and Purchase Agreement made as of January 2,
2001 by and between Maxus Realty Trust, Inc. and Vanguard
Archives, Inc.
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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: January 16, 2001 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 and Purchase Agreement
made as of January 2, 2001 by and between
Maxus Realty Trust, Inc. and Vanguard
Archives, Inc.
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