UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities and
Exchange Act of 1934
Date of Report August 30, 2000 Commission File Number 2-96042
CAPITAL BUILDERS DEVELOPMENT PROPERTIES,
A CALIFORNIA LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
California 77-0049671
State or other jurisdiction of I.R.S. Employer
organization Identification No.
1130 Iron Point Road, Suite 170, Folsom, California 95630
(Address of Principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (916)353-0500
Item 2. Acquisition or Disposition of Assets
On August 30, 2000, Capital Builders Development Properties (the
"Partnership") sold it sole real estate holding for $6,400,000. The
purchaser of the asset was Mustafa Arpaci, an Individual. The
purchase contract and subsequent documents modifying the purchase
contract are filed herewith as Exhibits 10.1 through 10.5 and
incorporated by reference herein.
There is no material relationship between the person to whom the asset
was sold and Partnership, its Managing General Partner or any of its
affiliates, any directors or officer, or an associate of any director
or officer.
The disposed asset is a property called Plaza de Oro, of which the
Partnership owned a 100% equity interest. Plaza de Oro is a 81,009
square foot mixed-use project consisting of four multi-tenant
buildings. The project was built in two phases. The second phase,
which consisted of the build-out of the corner pad building, was
completed in the first quarter of 2000.
Item 5. Press Release to Investors
On September 20, 2000, a Press Release, dated September 15, 2000, was
sent to sent to investors of record, and is attached hereto as
Exhibit 20.1.
Item 7. Financial Statements and Exhibits
Financial Statements - None
Exhibits:
Exhibit Number Exhibit
a) 4 Limited Partnership Agreement dated May 1, 1985 filed
as exhibit 3.3 and the Amendment to the Limited
Partnership Agreement dated November 20, 1986 filed
as exhibit 3.4 to Registration Statement No. 2-96042
of Capital Builders Development Properties, A
California Limited Partnership are hereby
incorporated by reference.
10.1 Real Property Purchase Agreement and Deposit Receipt
dated March 17, 2000
10.2 Addendum to Real Property Purchase Agreement and
Deposit Receipt dated March 23, 2000
10.3 Removal of Conditions Statement dated May 26, 2000
10.4 Contract Extension dated June 20, 2000
10.5 Contract Extension dated July 19, 2000
20.1 Press Release to Investors dated September 15, 2000
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has dully caused this report to be signed on its behalf
by the undersigned, hereunto dully authorized.
CAPITAL BUILDERS DEVELOPMENT PROPERTIES
a California Limited Partnership
By: Capital Builders, Inc.
Its Corporate General Partner
Date: September 20, 2000 By:
Michael J. Metzger
President
Date: September 20, 2000 By:
Kenneth L. Buckler
Chief Financial Officer
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