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Sale of Forestwood Condo Properties in Virginia

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Sale of Forestwood Condo Properties in Virginia



Price: $560,000.00


Other Item Info
Item #: vaebke_585543
Created: 01/30/2014
Category: Real Property > Commercial > Commercial Vacant Land/Building
Sale Date: Fri. Feb 28, 2014
Seller Info
Robert M. Marino
Debtor's Attorney
510 King Street Suite 301
Alexandria, VA 22314
703-684-2000
Bankruptcy Info
Case #: 1:12-bk-16730
Case Title: D.C. Diamond Corporation
Court: Virginia Eastern Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of various parcels of improved and unimproved real estate situated in the County of Prince William, the City of Manassas and the County of Fauquier, Virginia.

One of the improved parcels contains fourteen (14) commercial condominium units in an office condominium project located at 9420 Forestwood Lane, 9428 Forestwood Lane, and 9430 Forestwood Lane, City of Manassas, Virginia 20110 (the “Condo Properties”). Included in the Condo Properties are the following condominium units: (i) that certain unit containing 2455 square feet of space and more particularly identified as 9430 Forestwood Lane, Suite 201, Manassas Virginia, City of Manassas Tax Map No. 112-58-01-201 (“Forestwood Unit 201”); and (ii) that certain unit containing 2650 square feet of space and more particularly identified as 9430 Forestwood Lane, Suite 204, Manassas Virginia, City of Manassas Tax Map No. 112-58-01-204 (“Forestwood Unit 204”) (collectively, the “Forestwood Units”).

In Purchase Agreement the owner has agreed to sell the Forestwood Units to Forestwood, together with all the rights, easements, and appurtenances thereto and all fixtures and improvements thereon and subject to all rights of way, easements and covenants of record and zoning restriction.


Additional Details

  1. Purchase Agreement dated January 24, 2014
  2. Closing would take place on or before five days after the later of the conclusion of the "Study Period" which expires fifteen (15) days after January 24, 2014 and Bankruptcy Court approval.


Other Information

Terms and Conditions:

See attached.


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