secwatch.observer — SEC 8-K summary
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Issuer:     Zoned Properties, Inc. (ZDPY)
CIK:        0001279620
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001213900-26-052172
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1279620/000121390026052172/0001213900-26-052172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1279620/000121390026052172/ea0289071-8k_zoned.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-052172

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer