STANDARD OFFER, AGREEMENT AND ESCROW
INSTRUCTIONS FOR PURCHASE OF REAL ESTATE
AIR Commercial Real Estate Association
April 23, 2009
(Dale for Reference Purposes)
1.1 ______________________________ ( "Buyer") hereby am the owner thereof ("Seller”,
(collectively, the "Parties" or individually. a "Party” through an escrow ("Escrow") to close all or 15 days after the
waiver or expiration of the Buyer’s Contingencies, ("Expected Closing Date") to be held by Chicago Title and
Escrow Company ("Escrow Holder”, whose address 2326 Northside Drive, Suite 600, San Diego, CA, Phone
No. __________, Facsimile No. __________ upon the terms and conditions set forth in this agreement
("Agreement”). Buyer shall have the right to assign Buyer’s rights hereunder, but any such assignment shall not
relieve Buyer of Buyer’s obligations herein unless Seller expressly releases Buyer.
1.2 The term "Date of Agreement" as used herein shall be the date When by execution and delivery (as
defined in paragraph 20.2 ) of this document or a subsequent counteroffer thereto, Buyer and Seller have
reached agreement in writing whereby Seller agrees to sell, and Buyer agrees to purchase, the Property upon
terms accepted by both Parties.
2.1 The real property ("Property") that is the subject of this offer consists of (insert a brief physical
description) 12,134 SF industrial building on 30,083 SF lot (12930 Spring) and 18,312 SF industrial building on
a 30,083 SF lot (13000 Spring)- sizes are approximate - Buyer to verify during contingency period. is located in
the City of Los Angeles, County of Los Angeles, State of California , is commonly known by the street address
of 12930 South Spring Street and 1300 South Spring Street, Los Angeles, CA 90061 and is legally described
as: see title report (APN: 6132-039-014 & 6132-039-015).
2.2 If the legal description of the Property is not complete or is inaccurate, this Agreemen