Asset Type: Industrial Investment
Starting Bid: $375,000 ( Replacement cost: >$6,000,000.00 )
Bid Deposit Amount: $10,000
Buyers Premium: 15%
Property Description: 145,636 SF Industrial Properties on 12 Acres Located in Sanford, NC
Clear Height: 22 Feet
Loading Docks: 6
Office Space: 1500 SF
Construction: Pre-Engineered Metal
Parking: 64 Spaces
Foundation: 6 Foot Reinforced
HVAC: 100% Office
Lot Size (acres): 12.7
Buyer's Premium: 13% of Winning Bid Amount
The subject site consists of two tracts containing approximately 6.45 and 6.25 acres for a total of 12.7 acres or 553,212 square feet with 44.68 feet of frontage along the northern border of McNeill Road, a public, two-lane asphalt paved street. Access to the site is only via McNeill Road.
The site has public water, public sewer, electricity, and telephone. It is zoned LI, Industrial District by the Town of Sanford.
The subject is located in Zone X of the Community Panel 371096 3400J Zone X, Lee County, North Carolina, effective date September 6, 2006. Zone X is outside the 500-year flood plan.
3% Broker Participation
Terms: All Real Estate Sales Are Final
Buyer is to post a 10% deposit of an accepted bid the day of the winning bid notification. Buyer must close this transaction with in 10 days of the accepted bid notification. This transaction is NOT subject to buyers financing.
Sale Terms and Conditions:
Real estate will be sold as is, where is, with all faults.
Title Free and Clear.
Fee simple by General Warranty Deed.
Seller and Buyer to pay all customary closing costs.
Property taxes will be prorated to the day of closing.
24 Hour seller’s conformation.
10 day close, this contract is NOT contingent upon buyer obtaining third party financing.
*****Mineral rights to convey with the property******
Seller shall deliver Real Estate with clear title, and taxes paid up to the day of closing. Real Estate will be sold as is, where is with all faults. All areas approximate. No warranties expressed or implied, Buyer to verify all measurements.
Seller will deliver possession of the property to Buyer upon closing and funding of this sale in its present condition.
The effective date of this contract for the purpose of performance of all obligations is this day 28 of January, 2015.