Zoned Properties, Inc. (OTCMKTS:ZDPY) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01.
|
Completion of Acquisition or Disposition of Assets. |
As previously disclosed, on December 22, 2016, Zoned Properties,
Inc. (the Company) entered into a Commercial Real Estate Purchase
Contract (the Agreement) with Big Lake Estates, LLC (the
Purchaser) to which the Company agreed to sell, and the Purchaser
agreed to purchase, the property located at 422 S. Madison Drive
in Tempe, Arizona, for an aggregate purchase price of $2.125
million (the Sale). Effective March 15, 2017, the Sale closed.
There is no material relationship, other than in respect of the
Sale, between the Purchaser and the Company or any of the
Companys affiliates, directors or officers or any associates of
the Companys directors or officers.
| Item 7.01. | Regulation FD Disclosure. |
The Companys previously announced release of its financial
results for its 2016 fourth quarter and year end has been
rescheduled for Monday, March 27, 2017. The Company will hold a
conference call regarding these results at 4:30 p.m., Eastern
time, on March 27, 2017. On March 20, 2017, the Company issued a
press release regarding the rescheduled conference call. A copy
of this press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference. The information contained in
the website is not a part of this Current Report on Form 8-K.
The information included in this Current Report on Form 8-K,
including Exhibit 99.1, shall not be deemed to be filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of that section, nor shall such information be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing. The
information set forth under this Item 7.01 shall not be deemed an
admission as to the materiality of any information in this
Current Report on Form 8-K that is required to be disclosed
solely to satisfy the requirements of Regulation FD.
| Item 9.01. | Financial Statements and Exhibits. |
(d)Exhibits
| Exhibit No. | Description of Exhibit | |
| 99.1 | Press release of Zoned Properties, Inc. dated March 20, 2017. |
About Zoned Properties, Inc. (OTCMKTS:ZDPY)
Zoned Properties, Inc. is a commercial property, project development and management services company. The Company is engaged in identifying, developing and managing properties in industries, including the licensed medical marijuana industry. The Company operates in the operating, leasing and managing commercial properties segment. The Company maintains a portfolio of properties that it owns, leases and manages. In addition, it provides direct consultation and support for the development of each property. Its development ranges from architectural design and build-out, utility installation, property management, facilities management and security systems. The Company’s property portfolio includes land and real property constructed in Green Valley, Arizona; land and real property in Kingman, Arizona; vacant land in Gilbert, Arizona; a multi-tenant industrial park in Tempe Arizona, and land and real property of approximately 50 acres in Chino Valley, Arizona. Zoned Properties, Inc. (OTCMKTS:ZDPY) Recent Trading Information
Zoned Properties, Inc. (OTCMKTS:ZDPY) closed its last trading session up +0.08 at 1.65 with 2,316 shares trading hands.
