cra/la, a designated local authority sale of … · uo!iËiujoju! pue sdetu atl!tuexa 01 („uodxg...

Attachment B CRA/LA, A DESIGNATED LOCAL AUTHORITY SALE OF PROPERTY TERM SHEET ASSET ID NO. 198B BUYER Richard Ledesma Trust SELLER CRA/LA, a Designated Local Authority PROPERTY ASSET ID NO. 198B o 632 E. Coleman Ave., Los Angeles, CA o APN No. 5301-020-906 o Fee Simple Interest o Approximately 27,360 SF o Zone [Q]OS-1XLD VALUE ON LRPMP $100,000.00- $500,000.00 SALES PRICE $5,000.00 EFFECTIVE DATE The Effective Date is the date that is the later of: a) the date that the Buyer executes the Agreement or b) the date that the Seller executes the Agreement NUMBER OF BIDS RECEIVED 1 CONTINGENCY PERIOD None. CONVEYANCE Within thirty (30) days after Oversight Board approval, unless DOF approval is required. APPROVALS Agreement is subject to the approval of Seller’s Oversight Board and the State of California Department of Finance (“DOF”), if required. CONDITION OF PROPERTY Buyer agrees to purchase the Property free and clear of liens, in its “as is” condition. REPRESENTATIONS AND WARRANTIES The Agreement contains customary representations and warranties for a commercial real estate transaction of this size and nature. COSTS Buyer shall pay all transfer taxes and the costs of any title insurance policy. COMMISSION C&W exclusively represents CRA/LA, and CRA/LA shall pay commission in accordance to the Listing Agreement. CRA/LA shall not pay Buyer’s broker a fee.

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Page 1: CRA/LA, A DESIGNATED LOCAL AUTHORITY SALE OF … · UO!IËIUJOJU! pue sdetu atl!tuexa 01 („uodxg Oil)) ooanos JO 'aun1VN 'All"lvnè) (q)l '(SNOIÍIONOD savožl 01 ssgoov 'SVO

Attachment B

CRA/LA, A DESIGNATED LOCAL AUTHORITY SALE OF PROPERTY TERM SHEET

ASSET ID NO. 198B

BUYER Richard Ledesma Trust SELLER CRA/LA, a Designated Local Authority PROPERTY ASSET ID NO. 198B

o 632 E. Coleman Ave., Los Angeles, CAo APN No. 5301-020-906o Fee Simple Interesto Approximately 27,360 SFo Zone [Q]OS-1XLD

VALUE ON LRPMP $100,000.00- $500,000.00 SALES PRICE $5,000.00 EFFECTIVE DATE The Effective Date is the date that is the later of:

a) the date that the Buyer executes the Agreement or b) the date that the Seller executes the Agreement

NUMBER OF BIDS RECEIVED 1 CONTINGENCY PERIOD None. CONVEYANCE Within thirty (30) days after Oversight Board approval, unless

DOF approval is required. APPROVALS Agreement is subject to the approval of Seller’s Oversight

Board and the State of California Department of Finance (“DOF”), if required.

CONDITION OF PROPERTY Buyer agrees to purchase the Property free and clear of liens, in its “as is” condition.

REPRESENTATIONS AND WARRANTIES

The Agreement contains customary representations and warranties for a commercial real estate transaction of this size and nature.

COSTS Buyer shall pay all transfer taxes and the costs of any title insurance policy.

COMMISSION C&W exclusively represents CRA/LA, and CRA/LA shall pay commission in accordance to the Listing Agreement. CRA/LA shall not pay Buyer’s broker a fee.