Company: GIPRW
Filing Date: 2025-11-05
Form Type: 8-K
Source: 0001193125-25-267284
Chunk: 0

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-11-05
Form: 8-K
Item: Item 2.01
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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      Description                                                                                                                                                      
                                                                                                                                                                                
      No.                                                                                                                                                                       
     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.  
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Forward-Looking Statements

This Current Report on Form 8-K may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainty. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements.  Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties.  Such statements are