The subject property consists of a 15,210sf industrial/distribution facility on 4 acres of land. The metal building was constructed in 1989 with 16’ clear height, 3 dock doors, and 1 drive in door. There are 33 surface area parking spaces. The building is heated by gas forced air and ceiling mounted furnaces, all with central air. The entire building is fire controlled by wet sprinklers and serviced by all city utilities including water, sewer, electricity, and natural gas. The current amount of office space is approximately 7% of the entire facility.

The property is zoned M-2, light industrial which provides for uses such as auto repair, cold storage, machine shops, light manufacturing, packing/assembly, and many more. This building was last used as a newspaper printing/distribution facility for the Troy Daily News. Current net real estate taxes are $6,927 based on an assessed value of $390,000. PID # D08058818.

BROCHURE

PROPERTY INFORMATION PACKET

INSPECT: Wednesday November 28 (10 – 11AM)

REGISTRATION: All prospective bidders are required to register to bid prior the auction beginning. Registration will begin approximately 30 minutes prior to auction. Prospective bidders will need to show a current driver’s license to register and obtain a bidding number.

DOWNPAYMENT: The high bidder shall sign a Contract To Purchase and make a down payment of 10% of the contract amount immediately at the conclusion of the auction. The down payment will be accepted by cash or check.
Purchaser shall also sign the “Personal Demand Note” for the full contract purchase amount. The property is selling in its as is condition.

CLOSING & POSSESSION: Closing on the properties shall be within 30 days of the auction. Time is of the essence. Possession will be immediate at closing, subject to tenants rights where applicable. Taxes will be prorated to date of closing. Seller guarantees title to be insurable and with no liens.

BUYERS PREMIUM: A Standard ten percent buyer premium will be added to the high bid to determine the purchase amount.

CO-OP COMMISSION: Semple and Associates, Inc. offers Up to a 3% of the high bid, before adding the buyer premium to any licensed real estate agent who procures the purchaser, acts as a buyers agent, and whose client closes on the transaction. Agents MUST be licensed in the State the property is located in and MUST register their client on the auction firms forms on or before 10AM on December 3, 2012. UNDER NO CIRCUMSTANCES WILL BROKER/AGENT REGISTRATION BE ALLOWED ON DAY OF AUCTION.

BROKER / AGENT PARTICIPATION FORMS

AGENCY: The employees of C. Garth Semple and Associates, Inc. are acting solely as agents for the seller.

DISCLAIMER: Any desired inspections including but not limited to “Whole House, Termite, Furnace, Roof, Etc. MUST be completed by prospective purchasers prior to auction. Information contained herein was obtained from sources deemed reliable. However neither Semple & Associates or their agents will be responsible for errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to accuracy thereof before submitting their bid(s). All properties are subject to additions, deletions, and prior sale. No personal property conveys with the property unless denoted in the Purchase Contract.
This property is selling “As-Is, Where-Is” with no warranties expressed or implied.

High bidders on each property have an insurable interest in the property and are advised to place vandalism insurance on their purchase(s).

Note: Most of the information on this property was derived from the County Auditor Website and other public information areas. The auction firm and its’ staff members disclaim any liability for erroneous information. Prospective purchasers are encouraged to conduct their own research on the properties in which they are interested. All properties are subject to withdrawal.

Auction Manager: Brent Semple
513.678.7346
brent@semplesells.com

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