Generation Income Properties Inc
11/05/2025 | Press release | Distributed by Public on 11/05/2025 16:26
Asset Transaction (Form 8-K)
Item 2.01 Completion of Acquisition or Disposition of Assets
On October 30, 2025, GIPFL 702 Tillman Place, LLC, an indirect wholly owned subsidiary of Generation Income Properties, Inc. (the "Company"), completed the sale of its former Irby Construction-occupied industrial property located at 702 Tillman Place in Plant City, Florida, pursuant to a Purchase and Sale Agreement (as amended, the "Plant City Purchase and Sale Agreement"), entered into effective as of August 17, 2025, by and between GIPFL 702 Tillman Place, LLC, as seller, and an individual purchaser, as amended on October 15, 2025. The property was sold for a purchase price of $1,950,000 in cash, subject to customary prorations and adjustments. At the time of sale, the property was vacant.
The foregoing description of the Purchase and Sale Agreement, including the amendment thereto, is qualified in its entirety by the full text of the Purchase and Sale Agreement, including the amendment thereto, attached to this Current Report on Form 8-K as Exhibit 10.1 and 10.2, respectively.
(d) Exhibits
|
Exhibit No. |
Description |
|
|
10.1 |
Purchase and Sale Agreement, entered into effective August 17, 2025, by and between GIPFL 702 Tillman Place, LLC and Cary Carreno, an individual. |
|
|
10.2 |
First Amendment to Purchase and Sale Agreement, made and entered into October 15, 2025, by and between GIPFL 702 Tillman Place, LLC and 702 Tillman Place, LLC. |
|
|
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
Generation Income Properties Inc published this content on November 05, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on November 05, 2025 at 22:26 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]