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Absolute Auction of Real Estate
Sells to the highest bidder Regardless of Price!
No Minimum & No Reserve!
Auction Date & Location: Thursday, June 3rd @ 12 Noon On-site
Auction Note: Thompson Auctioneers will be doing a personal property auction of former plumbing supplier on the same date, beginning at 10:00AM, by order of U.S. Bankruptcy Court, Ruth A. Slone Trustee, Case # 10-30242. See www.thompsonauctioneers.com for more details on the personal property auction.
Property Address: 2600 N. James H. McGee Blvd, Dayton, OH 45417. Former “Plumber’s Supply Company”.
Real Estate Description: Approximately 39,720 +/- square feet commercial warehouse building. 12 covered dock doors. 4 uncovered dock doors. Sonitrol security system. 3-ton hoist. Office spaces and sales counter space.
Real Estate Property Preview & Inspection Dates: Prospective purchasers are encouraged to conduct all inspections and arrange financing prior to auction day. Property will be open for public viewing on the following dates:
* Thursday, May 27th 10:00AM to 11:00AM
* 1 Hour Prior to Auction.
* Private appointments with your Realtor® are also available.
Directions to Property: From US35W, take the Third Street exit; merge onto James H. McGee Blvd. Located close to intersection of James H. McGee Blvd and N. Gettysburg Ave.
Parcel Number: R72 15706 0008
Brief Legal Description: Situated in Montgomery County, Dayton Ohio and having a brief legal description of 67674 PT.
Basic Real Estate Auction Terms: Sells Regardless of Price to the Highest Bidder. Property sells as-is, with no buyer contingencies for financing, inspections or otherwise. 10% Buyer's premium applies. The buyer's premium will be added to the final bid to determine the contract sales price. Financing, if any, is calculated on the final contract price. Buyer pays all closing costs including title search, transfer taxes, deed preparation, conveyance and recording fees. Taxes will be pro-rated via the short proration method. Clean deed given at closing with no liens or delinquent taxes.
Cashier’s Check Required to Bid: In order to register to bid, potential purchasers must bring a CASHIER'S CHECK MADE PAYABLE TO Ohio Real Estate Auctions, in the amount of $20,000 which will be your non-refundable deposit if you are the high bidder. Deposit will be applied at closing to the purchase price. Checks will be immediately returned to all non-winning bidders at the conclusion of the bidding process. The purchaser will be required to sign a Contract to Purchase at the auction conclusion.
Closing / Possession: Potential purchasers must be able to close within 30 days after the auction. Time is of the essence. The real estate is selling free and clear of any and all liens. The purchaser will receive an insurable title at closing. Possession will be given to the purchaser on date of closing.
Agency: Auctioneer exclusively represents the Seller in this sale.
REALTOR® Participation: Realtor® showings are encouraged and cooperation will be granted. To collect a commission, you must:
1) Conduct a showing on the property,
2) Register your bidder no less than 48 hours prior to the auction on the approved form located in the Realtor’s Only Section of www.OhioRealEstateAuctions.com,
3) Present a written opening bid on behalf of your client. NOTE: You will receive 3% of the written opening bid if you represent the successful bidder.
4) Accompany your client to the auction.
Please expect no exceptions to these minimal requirements. Please call Auctioneer to schedule all showings.
Auctioneers:
Michael Hoffman; hoffman@OhioRealEstateAuctions.com; 614-314-0298
Tim Lile; tim@OhioRealEstateAuctions.com; 937-689-1846
Further Information: All information for this auction and other OREA auctions are available at www.OhioRealEstateAuctions.com or please contact Auctioneer Michael Hoffman at 614-314-0298.
Disclaimer: Information contained herein and in the Property Information Packet was obtained from sources deemed reliable. However, neither Ohio Real Estate Auctions, LLC Auctioneers nor their agents will be responsible for any errors or omissions regarding information provided by same. Announcements made at the auction will take precedence over written material or any other statements made prior to the auction. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.
Auctioneer License Information: 2002000102
