Online-Only Real Estate Auction
4977 Northcutt Place, Dayton, Ohio 45414
Bidding Ends: Wed., November 1st @ 2:30pm
Tax Appraised @ $966,410
Minimum Bid ONLY $100,000
Buy NOW $350,000!
Contact Auctioneer to Exercise Buy Now Option
Buy Now offer expires Mon., Oct. 30th @ 2:30pm
PROPERTY DESCRIPTION: 27,630+/- SF 3-Story Brick Office Building Built in 1971 & Completely Renovated in 1993 with Numerous Updates Since. Situated on 2 Parcels Totaling 1.52+/- Acres. Zoned SGC – Suburban General Commercial - Current Headquarters of Shook Construction. INSTANT INCOME – As Seller Will Enter 6 Month NNN Lease @ $3 per SF with Multiple 90 Day Optional Extensions Commencing 12/1/2017. Annual Taxes: $35,787. Updates & Features: Glass Atrium; Elevator Serving All 3 Floors; Multiple Conference Rooms; Classrooms; 28,000 SF Paved Parking with 94 Lined Spaces; Secured Entry; EPDM Roof – Age 25 Years (No Warranty); Constant Volume Cold Air with Hot Water Re-Heat Vavs: RTU 1 – New in 2015 (Bryant); RTU 2 – New in 1993 (Carrier); RTU 3 – New in 1993 (Carrier); RTU Condensing Unit 60 Ton & Roof Top AHU – New in 1988 (Trane); HVAC Controls Through Metasys; 2 Boilers – New in 2010 (Lochinvar); Fire & Security Systems; Video Surveillance Cameras; New Technology Room CRAC Unit 2006; Masonry Tuck Pointed in 2011; Windows Re-Caulked in 2014; Updated Landscaping in 2015: Montgomery County PID’s: R72 117219 0010 & 0011. Some Office Systems & Furnishings Available Separately at a Later Date. Great Space With Easy Access to I-75 Only Two Exits South of I-70!
Lot Size: 27,630 SF on 1.52 Acres
Annual Taxes: $ 35,787
LEAD AUCTIONEERTim Lile
I-75 to West on Needmore Road to left on Northcutt Place.
All bidding will be Online-Only. Property sells As-Is with no contingencies for financing, inspections or otherwise. All desired inspections should be completed prior to auction end. 10% Buyer's Premium will be added to winning bid to establish final contract selling price. Short tax proration. Buyer pays all closing costs.
Deposit and Closing:
Successful bidder will be required to deposit 10% of the total contract price within 24 hours of auction end. Close on or before November 30, 2017 through M & M Title Company. Seller Lease Back commences on December 1, 2017.
See Realtor Registration Form in Documents section of this listing for complete terms and requirements.