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The contract defines the “Real Property” and related assets to be conveyed, including improvements, personal property, plans, permits, warranties, service contracts, and lease-related interests. It sets the purchase price, earnest money escrow, closing payment, and key pro-ration terms for income, expenses, taxes, special assessments, and lease-related adjustments.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/real-estate-purchase-and-sale-agreement-real-estate-purchase-and-sale/199832/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/real-estate-purchase-and-sale-agreement-real-estate-purchase-and-sale/199832.png","ImageObject",442,249,{"name":88,"@type":89},"Cart","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-07","2026-09-04",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",8,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What property is being conveyed under this agreement?","Question",{"text":109,"@type":110},"The agreement defines the “Real Property” and includes improvements, personal property (including fixtures), plans and specifications, permits, warranties, service contracts, and lease-related interests and security deposits, collectively as the “Property.”","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How is the purchase price structured and when are payments due?",{"text":114,"@type":110},"The total purchase price is $7,300,000. Earnest money of $80,000 is paid within three business days of the Acceptance Date and held in escrow. The remaining $7,220,000 is paid at closing in immediately available funds, subject to credits and adjustments in the agreement.",{"name":116,"@type":107,"acceptedAnswer":117},"How do pro-rations and taxes get handled at closing?",{"text":118,"@type":110},"Pro-rations are applied as credits or debits to the purchase price based on actual days elapsed in the year and month of the Closing Date. 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Seller or Purchaser may be individually referred to herein as a “party” or collectively as the “parties”.  \nBACKGROUND  \nA. Seller is the owner of a fee simple interest in and to the real property located in the City of Brooklyn Park, Hennepin County, Minnesota, Property ID Numbers 20-119-21-34-0079 and 20- 119-21-34-0080, with a street address of 7944-7996 Brooklyn Boulevard, as legally described on attached Exhibit B (collectively, the “Real Property”), as well as the following:  \n1. all improvements and structures located on the Real Property (the“Improvements”);  \n2. any movable thing located on the Real Property and the Improvements owned by Seller and used in connection with the Property (the “Personal Property”), including, without limitation, any Personal Property that is attached to the Property and is irremovable (the“Fixtures”);  \n3. to the extent in Seller’s possession, all plans and specifications, as well as all other drawings and specifications for the Improvements (the “Plans and Specifications”);  \n4. all governmental consents, authorizations, variances, waivers, licenses, approvalsand permits relating to the Real Property, including any building certificates, to the extent assignable and to the extent in Seller’s possession (the “Permits”);  \n5. all warranties owned or obtained by Seller with respect to the Improvements and/orthe Personal Property, if any (the “Warranties”);  \n6. the existing service and maintenance contracts described on attached Exhibit C, together with any amendments or modifications thereto, if any, to the extent assumed by Purchaser pursuant to the terms of this Agreement (the “Service Contracts”); and  \n7. all right, title and interest as lessor or landlord in the leases described on attached Exhibit D and in all security deposits and all other enhancements to or security for such leases held by Seller (collectively, the “Leases”), together with all rents and other sums due thereunder for periods from and after the Closing Date.  \n(the Real Property and items 1 through 7, inclusive, shall be known as the “Property”) .  \nB. Seller desires to sell and Purchaser desires to purchase the Property on the terms set forth herein.  \nAGREEMENTS  \nThe parties hereby agree as follows:  \n1.  Purchase and Sale. Subject to the terms and conditions hereinafter set forth, Seller agrees to sell, assign, convey and transfer to Purchaser, and Purchaser agrees to purchase and accept the Property, free and clear of all Liens, except for the Permitted Exceptions.  \n2.  Purchase Price, Manner of Payment and Pro-rations.  \n2.1  Purchase Price and Manner of Payment. The Purchase Price for the Property shall be Seven Million Three Hundred Thousand United States Dollars ($7,300,000 .00) (the “Purchase Price”) . The Purchase Price shall be payable as follows:  \n2.1.1 Eighty Thousand United States Dollars ($80,000 .00) shall be payable within three (3) Business Days of the Acceptance Date as an earnest money deposit (the “Earnest Money”), to be held in escrow by Title Company pending the Closing. The Earnest Money shall be applied to the Purchase Price, and will be refundable to Purchaser if Purchaser terminates this Agreement, or payable to Seller as liquidated damages in the event of a default by Purchaser, all as set forth in this Agreement. Upon receipt of the Earnest Money, Title Company shall execute and deliver an Escrow Receipt in the form and substance attached hereto as Exhibit E.  \n2.1.2 At the Closing,","cbCaimXuIwzTgMzJ","https://ap.wps.com/l/cbCaimXuIwzTgMzJ","pdf",1007809,33,"English","# Background\n## Seller’s ownership and included assets\n# Agreements\n## Purchase and sale\n## Purchase price and payment terms\n## Pro-rations","[{\"question\":\"What property is being conveyed under this agreement?\",\"answer\":\"The agreement defines the “Real Property” and includes improvements, personal property (including fixtures), plans and specifications, permits, warranties, service contracts, and lease-related interests and security deposits, collectively as the “Property.”\"},{\"question\":\"How is the purchase price structured and when are payments due?\",\"answer\":\"The total purchase price is $7,300,000. Earnest money of $80,000 is paid within three business days of the Acceptance Date and held in escrow. The remaining $7,220,000 is paid at closing in immediately available funds, subject to credits and adjustments in the agreement.\"},{\"question\":\"How do pro-rations and taxes get handled at closing?\",\"answer\":\"Pro-rations are applied as credits or debits to the purchase price based on actual days elapsed in the year and month of the Closing Date. Taxes and special assessments are pro-rated using actual final bills if available; otherwise projected taxes are used, and each party pays taxes due before or after closing accordingly, with any post-closing refunds shared equitably.\"}]","REAL ESTATE PURCHASE AND SALE AGREEMENT - Real Estate Purchase and Sale | PDF"]