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
Date of Report April 14, 1999
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COMMERCIAL PROPERTIES 3, L.P.
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(Exact name of registrant as specified in its charter)
Virginia 0-13341 11-2680561
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State or other jurisdiction Commission IRS Employer
of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn.: Andre Anderson 10285
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Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3183
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COMMERCIAL PROPERTIES 3 L.P.
Item 2. Disposition of Assets
On April 14, 1999, Commercial Properties 3, L.P., a Virginia limited partnership
(the "Partnership"), sold Fort Lauderdale Commerce Center (the "Property") to an
unaffiliated partnership, Fort Lauderdale Flexxspace, LTD. (the "Buyer"), for a
selling price of approximately $12,547,885, net of closing adjustments and
selling costs. The selling price was determined by arm's length negotiations
between the Partnership and the Buyer.
As a result of the sale, the General Partners intend to distribute the net
proceeds therefrom (after payment of or provision for the Partnership's
liabilities and expenses, and establishment of a reserve for contingencies, if
any) during the second quarter of 1999.
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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.
COMMERCIAL PROPERTIES 3, L.P.
BY: REAL ESTATE SERVICES VII, INC.
A General Partner
Date: April 29, 1999 BY: /s/Michael T. Marron
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Name: Michael T. Marron
Title: President and Chief Financial Officer
