Zoned Properties, Inc. (OTCQB: ZDPY) has officially closed the sale of two commercial properties in Arizona for a total of $1 million, according to a recent Form 8-K filing with the U.S. Securities and Exchange Commission (SEC).
The transaction, finalized on June 30, 2026, involves the Green Valley Property in Green Valley and the Kingman Property in Kingman. Each site was sold for $0.5 million to the purchaser, Broken Arrow Herbal Center, Inc. This sale is part of a previously announced agreement involving three properties in total.
Regarding the third asset, the Chino Valley Property, the purchaser has exercised its contractual right to extend the closing date. The deadline for this final transaction has been moved to August 31, 2026, with potential for a further extension until September 30, 2026, based on the terms stipulated in the original April 2026 purchase agreement.
Zoned Properties, based in Scottsdale, Arizona, continues to manage its portfolio as it completes this multi-property divestment. The company, led by CEO and CFO Bryan McLaren, confirmed the filing date of July 6, 2026, as the formal record of the material event.