Generation Income Properties Inc. filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.01 Completion of Acquisition or Disposition of Assets.
On July 15, 2026, GIPCA 991 Nut Tree Road, LLC, an indirect wholly owned subsidiary of Generation Income Properties, Inc. (the “Company”), completed the sale of its net lease property located at 991 Nut Tree Road, Vacaville, California (the “Property”), which is occupied by the United States of America pursuant to a Lease for Real Property dated August 18, 2010, as amended (the “Lease”). The Property was sold pursuant to a Purchase and Sale Agreement (the “Purchase and Sale Agreement”), entered into effective as of April 29, 2026, by and between GIPCA 991 Nut Tree Road, LLC, as seller, and Taricens Medical Estates LLC, a California limited liability company, as purchaser.
The Property was sold for a purchase price of $2,475,000, subject to customary prorations and adjustments, resulting in net proceeds to the Company of approximately $2,356,757, after payment of closing costs, brokerage commissions, and other customary closing adjustments.
The foregoing description of the Purchase and Sale Agreement is qualified in its entirety by the full text of the Purchase and Sale Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Description |
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104 |
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Cover Page Interactive Data File (embedded with the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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GENERATION INCOME PROPERTIES, INC. |
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Date: |
July 21, 2026 |
By: |
/s/ Ron Cook |
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Ron Cook |