PROPERTY SELLING TO THE HIGHEST BIDDER - REGARDLESS OF PRICE
On Site - (Property also known as 1121 Magnolia Street, Logansport, IN)
Inspection will be held on Tuesday, November 29th - 12:00 Noon to 2:00 PM.
Updated Auction Date: Auction will be held on Tuesday, December 6th at 12:00 Noon.
Property Type: Light Industrial / Warehouse Land Size: 0.87 Acres / 37,935 SF Building Size: 24,338 SF Zoning: I-1, Light Industrial District Parcel ID: 09-17-25-344-001.000-010 No. of Stories: One Foundation: Slab Average Ceiling Heights: 11'
Terms & Conditions
Method of Payment: A non-refundable earnest money deposit in the amount of 10% of the purchase price will be required the day of sale with the balance due the day of final closing. Closing to be within 30 days of the auction. The closing fee shall be split 50/50 between buyer and Seller. This real estate is being sold for cash and your bidding is not contingent upon financing. Have your financing prearranged prior to auction day.
Buyers Premium: In order to determine the final sales price of the real estate, a $2,500 buyers premium will be added to the winning bid.
Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following auction at the site. THE PROPERTY IS SELLING ABSOLUTE REGARDLESS OF PRICE.
Title: Seller will provide buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of title. Seller will provide buyer with a fully executed deed conveying title to the buyer.
Taxes: Taxes will be prorated to the day of final closing.
Possession: Day of final closing.
Survey: The Seller will not provide buyer with a survey. If buyer or buyers lender requires a survey it will be at the sole cost of the buyer.
Agency: The Steffen Group Inc. is acting as the exclusive agent of the seller.
Property Disclosure: This property is being sold as-is and where-is with no warranty being expressed or implied as to the physical condition, specific zoning or available permits by the Seller, Auction Company or its Agents. The Buyer shall conduct his or her own investigation of the property and bid accordingly. Statements made the day of the sale take precedence over any and all printed material.
Disclaimer and Absence of Warranties: All information contained in the brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.
Auctioneer License Information: au19600168
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