Dynatronics Corporation Enters Into Purchase and Sale Agreement for Former Tennessee Site - Land.Net News
Dynatronics Corporation (NASDAQ:DYNT), a leading manufacturer of athletic training, physical therapy, and rehabilitation products, announced today the company entered into a purchase and sale agreement ("Agreement") with Maple Leaf Realco II, LLC for the sale of the company's former manufacturing facility in Tennessee.
The Agreement is for the sale of a 3.4 acre site with a 54,000 sq. ft. building consisting of manufacturing and office space in Ooltewah, Tennessee for a purchase price of $1.75 million USD. Completion of the sale is anticipated before the company's fiscal year end on June 30, 2021. Net proceeds for the sale are estimated to be approximately $1.63 million.