Commercial Purchase and Sale Agreement between Bowlin Travel Centers, Inc. and Don Juan Restaurant for 813 S. Main Street, Lordsburg, NM

Contract Categories: Business Finance › Purchase Agreements
Summary

This agreement is between Bowlin Travel Centers, Inc. (seller) and Don Juan Restaurant (buyer) for the sale of commercial property at 813 S. Main Street, Lordsburg, New Mexico. The purchase price is $95,000, with $500 in earnest money due upon acceptance. The agreement includes all equipment present as of September 3, 2007. The closing date is set for October 5, 2007. The buyer and seller have specified responsibilities for surveys and environmental assessments, and the transaction will be handled through Hidalgo County Abstract as the title company.

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EX-10.50 2 p0919_ex10-50.htm PURCHASE AND SALE AGREEMENT EXHIBIT 10.50
 
Exhibit 10.50

COLDWELL BANKER ENCHANTMENT REALTY
501 SILVER HEIGHTS BLVD.
SILVER CITY, NM 88061
505 ###-###-####   ###-###-####  FAX ###-###-####

REALTORS ASSOCIATION OF NEW MEXICO
COMMERCIAL ASSOCIATION OF REALTORS NEW MEXICO
PURCHASE AND SALE AGREEMENT – COMMERCIAL
 
 
1.
TERMS SUMMARY
 
Date of Agreement, i.e., date of full execution (for reference purposes and for calculation of deadlines)   September 5, 2007.
 
This Agreement includes the property Disclosure Statement and: 
 
   
Addendum
   
Financing Addendum
X
  
Other (describe):  all equipment as seen on September 3, 2007
 
Offer Expiration Date:
 
Buyer:
Don Juan Restaurant
   
Seller:
Bowlin Travel Centers, Inc.
 
Property:
  
 
Address:
813 S. Main Street, Lordsburg, NM  88045
 
Legal Description:  
 Part of SEQSEQ, Sec 32, tzz, R1Y
 
Purchase Price:
  
$ 95,000
  
Earnest Money:
  
$ 500 (upon acceptance)
  
       
 
Title Company:   
Hidalgo County Abstract        
      
115 Shakespeare, Lordsburg, NM  88045        
  Phone:   
505 ###-###-#### 
   Facsimile:      Email:     
 
Inspection Period:
No
 
Survey Type:      
ALTA
      
Boundary
      
Other (describe):
    
 
To be obtained and paid for by:
       Buyer       Seller
 
Environmental Site Assessment:
      
Phase I
      
Phase II
      
Other (describe):
  
 
To be obtained and paid for by:
       Buyer       Seller
 
Closing Date:
  
October 5, 2007
  
 
SELLER
 
Bowlin Travel Centers, Inc.  
By: /s/ Kit Johnson, Director of Operations 
Kit Johnson  
Name (Print)  
150 Louisiana Blvd, NE
Albuquerque, NM  87108
  
Address    
(505) 541-9101
(505) 523-1013
***@***
Phone
Fax
Email Address
 

BUYER
By: /s/ Juan Tellez
Juan Tellez
Name (Print)  
PO Box 650
Bayard, NM  88023
  
Address    
(505) 313-7759
 
 
Phone
Fax
Email Address
 
 
 
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