SaleApr 22, 2026, 04:06 PM
Zoned Properties Sells 3 Properties for $9.0 Million
AI Summary
Zoned Properties, Inc., through its subsidiaries, entered into a Real Estate Purchase and Sale Agreement to sell three properties to Broken Arrow Herbal Center, Inc. for a total of $9.0 million. The transaction involves a $4.0 million cash payment and a $5.0 million seller-financed promissory note. The sale stems from the purchaser exercising existing purchase rights outlined in their lease agreements for the properties.
Key Highlights
- Zoned Properties sold three properties for an aggregate of $9.0 million.
- The Chino Property accounted for $8.0 million of the total sale price.
- Payment includes $4.0 million in cash and a $5.0 million promissory note.
- The purchaser, Broken Arrow Herbal Center, Inc., exercised existing lease purchase rights.
- The properties are located in Green Valley, Kingman, and Chino Valley, Arizona.