8-K 1 mds258kj.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) February 6, 2004 AEI INCOME & GROWTH FUND 25 LLC (Exact Name of Registrant as Specified in its Charter) State of Delaware (State or other Jurisdiction of Incorporation or Organization) 333-99677 75-3074973 (Commission File Number) (I.R.S. Employer Identification No.) 30 East 7th Street, Suite 1300, St. Paul, Minnesota 55101 (Address of Principal Executive Offices) (651) 227-7333 (Registrant's telephone number, including area code) (Former name or former address, if changed since last report) Item 2. Acquisition or Disposition of Assets. On February 6, 2004, the Limited Liability Company (the Company) purchased a 21% interest in a Jared Jewelry store in Madison Heights, Michigan from Transmadison, LLC. The total cash purchase price of the land and building was approximately $4,440,000. The remaining interest in the property was purchased by AEI Income & Growth Fund 23 LLC and AEI Accredited Investor Fund 2002 Limited Partnership, affiliates of the Company. Transmadison, LLC is not affiliated with the Company. The cash, used in purchasing the property, was from the proceeds of sale of LLC Units. Item 7. Financial Statements and Exhibits. (a) Financial statements of businesses acquired - Not Applicable. (b) On February 6, 2004, the Company purchased its 21% interest in the property for $932,400. The property was acquired with cash which was provided from proceeds of sale of LLC Units. A limited number of proforma adjustments are required to illustrate the effects of the transaction on the balance sheet and income statement. The following narrative description is furnished in lieu of the proforma statements: Assuming the Company had acquired the property on September 11, 2003 (date the Company commenced operations), the Company's Investments in Real Estate would have increased by $932,400 and its Current Assets (cash) would have decreased by $932,400. Income for the Company would have increased from $11,010 to $15,051 for the period ended September 30, 2003 if the Company had owned the property during the period. Depreciation Expense would have increased by $858 for the period ended September 30, 2003. The net effect of these proforma adjustments would have caused Net Income to increase from $7,256 to $10,439, which would have resulted in Net Income of $4.80 per LLC Unit outstanding for the period ended September 30, 2003. (c) Exhibits Exhibit 10.1 - Assignment of Purchase Agreement dated January 2,2004 between the Company, AEI Income & Growth Fund 23 LLC, AEI Accredited Investor Fund 2002 Limited Partnership and AEI Fund Management, Inc. relating to the Property at 451 W. 14 Mile Road, Madison Heights, Michigan. Exhibit 10.2 - Assignment and Assumption of Lease dated February 6, 2004 between the Company, AEI Income & Growth Fund 23 LLC, AEI Accredited Investor Fund 2002 Limited Partnership and Transmadison,LLC relating to the Property at 451 W. 14 Mile Road, Madison Heights, Michigan. SIGNATURES 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. AEI INCOME & GROWTH FUND 25 LLC By: AEI Fund Management XXI,Inc. Its: Managing Member Date: February 17, 2004 /s/ Patrick W Keene By: Patrick W. Keene Its: Chief Financial Officer