Auction Information
Auctioneer Williams & Williams 800-801-8003
Auction Date Aug 16 Auction
Location
2279 Mount Vernon Road
Southington, CT
Time 10:00AM
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2279 Mount Vernon Road Southington, CT
Auctions: 10:00 AM 8/16/2019 Nominal Opening Bid: Sells to the highest bidder at auction above the opening bid of $5,000,000. Residential School Campus/Corporate Training Facility with 113,000+/- sf in 7 buildings including administrative offices, classrooms, labs, dormitories, recreational center and a 24/7 security station. The campus is also equipped with athletic facilities including; sand volleyball and soccer/football field, baseball field and basketball court. The property includes a 2,200+/- sf maintenance building serving the campus on 32.75+/- acres in Hartford County, CT PID: 15836. The property is located just minutes from I-84 and is 2 hours from Boston and 2 hours from New York City. Locally, it is near ESPN Headquarters, Lake Compounce Amusement Park and Queen Street, which is known for its stores and restaurants. Hartford is 20 minutes away and Bradley International Airport is 40 minutes away. Campus buildings include, in addition to offices and classrooms, a recreational/student center, conference room, science lab, library, a large assembly hall, cafe, book/convenience store, 6 apartments at 2,000+/- sf each with 5 bedrooms sleeping 9 people, 2 bathrooms, 3 vanities, space for 2 full size refrigerators, space for private washer/dryer; 20 townhouse apartments each with 1200+/- sf, 3 bedrooms sleeping 8 people, 1 bathroom, 2 vanities, kitchen and space for a full size refrigerator and stove, dining area, living room, laundry room, common areas for computer stations with printers and each building is equipped with security cameras in the common areas outside of the apartments with key card access. The current tenant pays monthly rent of $120,085 through a NNN lease with 5 months of rent remaining as of the auction date. The new property owner will receive this rent. The tenant is vacating the property January 31, 2020. To participate in the auction, Bidder must complete a Qualified Bidder Package and be approved by August 9th. See Qualified Bidder Package Letter link on the website with instructions on how to complete this package. Note: A Buyer's Premium (Buyer's Fee in WI) will apply for this property. Please see Terms of Sale for details. Broker Licenses: CT Daniel S. Nelson RE LIC REB0788424; Williams & Williams Marketing Services Inc RE LIC REB.0759271
Sale location: LeConche Hall 2279 Mount Vernon Road Southington, CT 06489
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CT Daniel S. Nelson RE LIC REB0788424; Williams & Williams Marketing Services Inc RE LIC REB.0759271




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