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COMMERCIAL REAL ESTATE AUCTION BUYER MAY PURCHASE REAL ESTATE PRIOR TO AUCTION CAPX Realty, LLC, will offer for sale, at Auction, the Commercial Real Estate located at 165 South Main Street, Spencer, Indiana. Traveling from Indianapolis take I-70 West to 231 South, turn West onto State Rd 46, turn left onto Main Street, Spencer Antique Mall is on the right. |
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WEDNESDAY, OCTOBER 24, 2007 3:00 PM (Sharp!) OWNER: CAPX REALTY, LLC NOTE: This property may be purchased prior to auction by contacting Johnny Swalls with an offer and the Seller will act on the offer. The deadline for making this offer is Tuesday, October 23, 2007, at 12:00 Noon. First accepted Offer Buys. |
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REAL ESTATE: This is a two story commercial building with a full basement. The building is a concrete and metal structure, with all floors and support pillars being of concrete, however, the front of the building has a wood and painted metal facade. The building is 86 foot wide by 76 foot deep. There is an ally on the North side of the building, leading to the rear where there are two loading docks, each with its own overhead door. There is street parking available in the front of the building. This building has a 15 foot awning over the glass double door main entrance, a service elevator to all three floors, heavy duty electrical system, multiple phone line capability, security surveillance system with multiple screen monitor, city utilities, and more than ample storage space since there are 3 floors. PARCEL NUMBER: 60-10-20-400-400.593-028 LEGAL: SPENCER PART LOT 173 & PART LOT 175 & LOT 174 REAL ESTATE TAXES: The real estate taxes are approximately $3,690. per year and will be pro-rated at closing. TERMS OF REAL ESTATE: The Successful Bidder will deposit 10% of the contract purchase price (except for exempt entities) at the auction in the form of cash, cashier’s check or approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyer will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within 5 days of presentation of insurable title. The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances. An ALTA 2006 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyer by the Seller and Seller shall pay for title search, premium for owner’s policy and cost to correct any title defects. If obtaining a loan, the Buyer shall pay the mortgage policy. The Buyer will pay for the recording of his/her necessary documents. The Auction will conclude when the Auctioneer determines that all buyers have made their best and final offers. Anyone desiring to bid must be approved prior to sale by Johnny Swalls. Any statements made by the Auctioneer day of sale or during the sale take precedence over any oral or written heretofore. BUYER’S PREMIUM: The Buyer will pay a 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price. The Buyer is only required to pay 10% down, of the contract price, day of sale. SURVEY: The survey cost, if needed, will be paid by the Buyer and completed after closing. POSSESSION: Possession at closing. AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller. FOR PRIVATE SHOWING CALL: Sale Coordinator, P.J. Bezy 812-495-6119 or Johnny Swalls 812-495-6119 SALE LOCATION: At the Property. PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD. |
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PHONE: 812-495-6119 or 1-877-696-5099 FAX: 812-696-5090 E-MAIL: johnnyswalls@joink.com AUCTIONEER: Col. Johnny Swalls CAI, AARE, GPPA, CAGA, CREA IN #AU01026257 |
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In cooperation with Rowell Auctions http://www.rowellauctions.com/auction_detail.php?ID=369821 |
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