Commitments and Contingencies

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

COMMITMENTS AND CONTINGENCIES

In December 2011, the General Partners announced their intention to distribute net sale proceeds of approximately $3.5 million in May 2012 from the sales of 14079 Senlac Drive, the Avaya Building, and the 360 Interlocken Building to the limited partners of record as of March 31, 2012, which, under the terms of the partnership agreement, does not include limited partners acquiring units after December 31, 2011. Following such distribution, the General Partners intend to hold residual net sale proceeds of approximately $2.7 million in reserve in order to fund the Partnership's pro rata share of the anticipated re-leasing costs and capital improvements at its remaining properties. The General Partners continually monitor the operating and capital needs of the Partnership. Thus, should a change in circumstances prior to the intended distribution date require the General Partners to reevaluate the reserve requirements, it is possible that this distribution may not occur or that distributions may be made at a lower amount.

From time to time, the Partnership and its General Partners are parties to legal proceedings that arise in the ordinary course of our business. The Partnership is not currently involved in any litigation for which the outcome would, in the judgment of the General Partners based on information currently available, have a materially adverse impact on the results of operations or financial condition of the Partnership, nor is management aware of any such litigation threatened against us.