5 separate buildings. An 8,000 SF retail metal and block building with three tenants and is 100% leased. 4 individual storage buildings in a securely fenced location. 169 total storage units with average occupancy of 87%. Square footage of the store n lock is 23,300. Total acreage is 3.1 acres with an extra 6 acres for expansion. The 6 acre tract already has a large poured concrete pad for additional buildings. Currently labeled as T & M Store & Lock. The retail building was built in 1997 and the store n locks were built in 2002 and 2006. Tax appraisal for the entirety is $971,000. Tenant 1 pays $$1,250 per month. Tenant 2 pays $1,250 per month and Tenant 3 pays $2,500 per month. Proudly sold in cooperation with The Levine Realty Co. Doug Cox Realtor.
YTD Expenses as of Oct 15
Electric $3,580.77, Keys $134.76, Yellow Pages $1,600, Water Sewer $1,399.66, Contracts $128.24, Phone $455, Annual insurance premium $3,307, Payroll at $12 per hour $17,092.19, Full year of property taxes $24,176.06, Building maintenance $5,924.42. TOTAL YTD EXPENSES $57,798.04.
Average yearly income is $130,000. Average yearly expenses are $70,000. Average yearly net income is $60,000.
Lot Size: 3.1 Acres plus additional 6 acres for future expansion.
Annual Taxes: $ 24,176
LEAD AUCTIONEERBarry Baker
From downtown Springfield go North on OH-4 to Left on E. Home Road. or North on OH-72 to Right on E. Home Road.
10% down by cash or check which will become your non refundable deposit. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.
Deposit and Closing:
Within 30 days of Auction. Closing will take place with Ohio Real Estate Title of Springfiled.
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.