Addendum to Purchase Agreement between NNN VF Southwood Tower, LP and Rancho Pacific Development for 19221 Interstate 45, Shenandoah, TX

Contract Categories: Business Finance › Purchase Agreements
Summary

This addendum modifies the purchase agreement between NNN VF Southwood Tower, LP (Seller) and Rancho Pacific Development (Buyer) for the property at 19221 Interstate 45, Shenandoah, Texas. It grants the Buyer until October 19, 2005, to approve or disapprove the due diligence inspection. All other terms of the original agreement remain unchanged. The document is accepted and signed by the Buyer, Seller, and the agent, Marcus & Millichap Real Estate Investment Brokerage Company.

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EX-10.7 3 a14346exv10w7.txt EXHIBIT 10.7 Exhibit 10.7 (Marcus & Millichap LOGO) ADDENDUM TO PURCHASE AGREEMENT This document is an addendum ("Addendum") to the Purchase Agreement ("Agreement") between NNN VF Southwood Tower, LP ("Seller") and Rancho Pacific Development and/or related assignee ("Buyer") executed by Buyer on the 9th day of September, 2005 for that certain real property located at 19221 Interstate 45, Shenandoah, TX. The provisions of this Addendum are hereby added to and incorporated in the Terms and Conditions in the aforementioned Agreement. 1. Buyer shall have until October, 19, 2005 to approve or disapprove of Due Dilligence Inspection. All other terms and conditions remain the same. ACCEPTANCE The undersigned Buyer, Seller and Agent accept and agree to the foregoing. BUYER: Illegible DATE: ----------------------------- ------------------------------ Rancho Pacific Development SELLER: Illegible DATE: ---------------------------- ------------------------------ NNN VF Southwood Tower AGENT: MARCUS & MILLICHAP REAL ESTATE INVESTMENT BROKERAGE COMPANY BY: DATE: -------------------------------- ------------------------------ Alex Garcia NO REPRESENTATION IS MADE BY AGENT AS TO THE LEGAL EFFECT OR VALIDITY OF ANY PROVISION OF THIS ADDENDUM. A REAL ESTATE BROKER IS QUALIFIED TO GIVE ADVICE ON REAL ESTATE MATTERS. IF YOU DESIRE LEGAL, FINANCIAL OR TAX ADVICE, CONSULT YOUR ATTORNEY, ACCOUNTANT OR TAX ADVISOR. _______, prchaden 10-4-05 Buyer's Initials __________ Seller's Initials ____________ CA - Copyright Marcus and Millichap 2005 1 of 1