Zoned Properties terminates agreement to buy Tucson real property from Neal Bradley Starr

Zoned Properties, Inc.

ZPRE, a wholly owned subsidiary of Zoned Properties, terminated the Purchase and Sale Agreement for Tucson, AZ real property effective Jan 17, 2023.
The agreement was originally entered into on Oct 5, 2022, with Neal Bradley Starr as seller.
No financial penalties or specific reasons for termination were disclosed in the filing.
The Purchase Agreement is of no further force or effect except for obligations surviving termination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Zoned Properties, Inc. terminated Purchase and Sale Agreement and Joint Escrow Instructions with Neal Bradley Starr (effective 2023-01-17).

Action: termination
Agreement: asset purchase
Counterparty: Neal Bradley Starr
Effective: 2023-01-17

Exact text from the filing

Effective January 17, 2023, pursuant to the terms of the Purchase Agreement, ZPRE elected to terminate the Purchase Agreement and the Purchase Agreement is of no further force or effect, except for those obligations and rights which survive its termination.

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Zoned Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-004436

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