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 (Date of earliest event reported) January 12, 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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Item 2. Disposition of Assets
On January 12, 1999, Commercial Properties 3, L.P., a Virginia limited
partnership (the "Partnership"), sold Quorum II Office Building (the "Property")
to an unaffiliated partnership, CMD Realty Investment Fund IV, L.P. (the
"Buyer"), for a selling price of approximately $7,653,598, 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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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: January 26, 1999 BY: /s/Michael T. Marron
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Michael T. Marron
President and Chief Financial Officer
