Online-Only Real Estate Auction
Thursday, January 31st @ 1:30pm
3100 Kettering Blvd., Moraine, Ohio 45439
(Former LM Berry Building)
+ Additional 3.01 Acre Vacant Commercial Lot
TRACT 1 DESCRIPTION: 53,908+/- SF 3-Story Office Building with full finished basement built in 1968 on 3.67 acres. 120,000 SF of paved parking. New fire alarm system installed in 2018. Possible Seller Lease-Back: at a rate of $19,194.53/mo. on terms and conditions set forth in AIR Commercial Real Estate Association’s “Standard Multi-Tenant Office Lease – Gross (FORM OFG-20-12/16E), for up to three (3) months after the Closing Date. All office systems and furnishings will be sold in separate auction at BidNowLLC.com ending 2/7/19.
Montgomery County PID: J44 04103 0021
Annual Taxes: $34,285.
Tax Appraised @ $1,001,690
Opening Bid $250,000
Buy Now Price: $750,000
TRACT 2 DESCRIPTION: 3.01 Acres of Vacant Commercial Land at the corner of Edgefield and Elbee Roads.
Montgomery County PID: J44 04103 0025.
Annual Taxes: $5,070.69.
Tax Appraised @ $148,310
Opening Bid $10,000
(No Buy-Now available on Tract 2 Individually)
Combination of Both Tracts Buy Now Price: $810,000
BUY NOW TERMS: Sale shall be subject to all terms of auction as listed below. Pre-auction contract must be completed with required deposit in place no less than 48 hours prior to auction end time. If bid level reaches 80% of buy now prices ($600,000 on Tract 1: $648,000 on combination of both Tracts) buy now option shall be removed.
Tim Lile, CAI – Auctioneer; (937)689-1846; firstname.lastname@example.org
Disclaimer: Information contained herein 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.
Lot Size: See Descriptions Above
Annual Taxes: $ See Above
All bidding will be Online-Only. Property sells As-Is with no contingencies for financing, inspections or otherwise. All desired inspections must be completed prior to auction end. 10% Buyer's Premium will be added to winning bid(s) to establish final contract selling price(s). Short tax proration. Buyer(s) pays all closing costs. Sells separately or together in whichever manner garners the highest selling price.
Deposit and Closing:
Successful bidder(s) will be required to deposit 10% of the total contract price within 24 hours of auction end. Close on or before February 28, 2019 through M & M Title Company. Seller Lease Back commences on day of closing if applicable.
See Realtor Registration Form in Documents Section of this listing.