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Imperial Plaza - Letter of Intent


Property
Imperial Plaza
351-445 Havendale Boulevard
Auburndale, FL 33823
 

This document is for contemplation purposes only and shall be between a perspective Buyer and Seller. This Letter-of-Intent shall be deemed completely non-binding in the court of law. All Days specified are deemed to be “Calendar” days.

 

Purchase Price 
 

 

Initial Refundable Deposit

Initial Inspection Period
days

Initial Non-Refundable Hard Money Deposit (optional)
 

 

Second Deposit

Closing Period
days

  

 

 

 

  I have read and understand the tenant lease summaries.

 

Offer is deemed to be:

 

Holder of Deposit:

 

Site Visit
 

 

Lending Relationship

 

My lender has seen the package and has given me preliminary financing terms.

 

Proof of Funds

 

Terms Sheet

 

Title Work


1031 Tax Deferred Exchange

 

Brokers

 

 

 

Additional Terms and Conditions

1st Deposit (Initial Deposit): Due within two (2) days of Effective Date

End of Initial Inspection Period Notification: Silence will deem acceptance

Estoppel(s): Seller will provide Anchor tenant & 75% of Shop Space tenants. Estoppels will be delivered to the tenants upon receipt of the Buyer’s second deposit at the conclusion of inspection period.

 

The following items will be provided to the Buyer within twenty-four(24) hours upon receipt of Initial Deposit. 

  • Winn-Dixie sales: 2014-2016
  • CAM recs: 2015-2016
  • Income Statements: 2013-2016
  • Declaration of Easements, Covenants, and Restrictions
  • Rent Roll (4/6/17)
  • Leases and amendments for all tenants
  • Tax card
  • 2015 and 2016 tax bills
  • Roof reports
  • Environmental reports (Phase I)
 
 
 
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Signature Certificate
Document name: Imperial Plaza - Letter of Intent
Unique Document ID: 4e09d6c1318137c83051454f65a2024ca037e5d4
TimestampAudit
2017-04-18 10:15:36 ESTImperial Plaza - Letter of Intent Uploaded by Craig Katterfield - groceryanchoreddocs@gmail.com IP 71.46.213.66