GENERATION INCOME PROPERTIES, INC. (GIPR): M&A transaction — Generation Income Properties completes sale of Tampa Starbucks-occupied property for $2.96M

GENERATION INCOME PROPERTIES, INC.

Sold a Starbucks-occupied net-lease retail property at 10002 N Dale Mabry, Tampa, FL for $2,964,000.
Net proceeds to the Company were $1,959,170 after prorations, adjustments, and mortgage repayment.
Buyer was Andrew Livingstone, assigned to 10002 N Dale Mabry, LLC; sale closed May 22, 2026.
Pro forma adjustments show the property contributed ~$42k quarterly rental income; removal increases net loss by $6.5k per quarter.
The sale reduced mortgage debt by ~$773k and real estate assets by ~$2.0M on the balance sheet.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GENERATION INCOME PROPERTIES, INC. completed a disposition involving Andrew Livingstone (subsequently assigned to 10002 N Dale Mabry, LLC) for $2,964,000 (closed 2026-05-22).

Action: disposition
Counterparty: Andrew Livingstone (subsequently assigned to 10002 N Dale Mabry, LLC)
Consideration: $2,964,000
Closing: 2026-05-22

Exact text from the filing

as purchaser, and subsequently assigned to 10002 N Dale Mabry, LLC, a Florida limited liability company, as permitted assignee. The Property was sold for a purchase price of $2,964,000, subject to customary prorations and adjustments, resulting in net proceeds to the Company of $1,959,170. The foregoing description of the Purchase and Sale Agreement is qualified

View on SEC.gov

15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

GENERATION INCOME PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-237019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.