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 February 9, 1999
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 February 9, 1999, Commercial Properties 3, L.P., a Virginia limited
partnership (the "Partnership"), sold Metro Park Executive Center (the
"Property") to an unaffiliated partnership, Triad Properties Holdings, Ft.
Myers, LTD. (the "Buyer"), for a selling price of approximately $3,853,000, 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 first quarter of 1999.
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COMMERCIAL PROPERTIES 3 L.P.
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: February 24, 1999 BY: /s/Michael T. Marron
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Michael T. Marron
President and Chief Financial Officer
