---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-052172"
form_type: "8-K"
ticker: "ZDPY"
cik: "0001279620"
company_name: "Zoned Properties, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:15:00.684497+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Zoned Properties sells Michigan cannabis real estate for $700K plus assumption of $1.7M in land contracts

## Summary
- Closed sale of Woodward Property (23600-23634 Woodward Ave, Ferndale/Pleasant Ridge, MI) for $700,000 cash.
- Buyer assumed $1,327,371 Pearlman Land Contract and $374,826 Gangnier Land Contract obligations.
- Seller provided $100,000 credit for closing on or before May 1, 2026; closing occurred same day.
- Property includes fee interest, vendee interests in two land contracts, and a cannabis lease (Rapid Fish 2, LLC).
- Buyer obtained consents from land contract vendors and released Seller from post-closing liability.

## SEC filing metadata
- accession: 0001213900-26-052172
- form_type: 8-K
- ticker: ZDPY
- cik: 0001279620
- company_name: Zoned Properties, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1279620/000121390026052172/0001213900-26-052172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1279620/000121390026052172/ea0289071-8k_zoned.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-052172
- JSON: https://secwatch.observer/filing/0001213900-26-052172.json
- Plain text: https://secwatch.observer/filing/0001213900-26-052172.txt

## Source-grounded claims
- claim_id: 6bab24ba2bdca7d5b0647f187f9b198e1c3d8b3b
  claim: Zoned Properties, Inc. entered into Woodward Agreement with Woodward RE 1 LLC valued at $700,000 (effective 2026-05-01).
  evidence_excerpt: On May 1, 2026, Zoned Properties, Inc. (the “Company”), through its wholly owned subsidiary ZP RE MI Woodward, LLC, a Michigan limited liability company (the “Seller”) entered into and closed on an Agreement of Sale and Escrow Instructions (the “Woodward Agreement”) with Woodward RE 1 LLC, a Michigan limited liability company, or its nominee (“Woodward Buyer”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1279620/000121390026052172/0001213900-26-052172-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.