REAL ESTATE AUCTION - 192,000 SF Building on 50 Acres
253 W. Stardust Road, Cloverdale, IN 46120 Selling to the Highest Bidder with an $800,000 Reserve!
THURSDAY OCTOBER 13 at 1 PM ON SITE
Equestrian Facility - Easily Converted to Warehouse / Distribution • 192,000 SF available - light industrial type building • ± 50 Acres • 32 miles west of Indianapolis with excellent access to I-70, US 40, US 36 and SR 231 • Zoned B-2 (General Business District)
Cloverdale
• Located near Interstate 70!
Open House/Inspection: Thursday, September 15 at 1 PM Court Authorized Auction Cassidy Turley Midwest, Inc., Receiver Cause No. 67C01-1001-MF-11 Putnam County
For more information, contact: Greg J. Folz 812.474.1900
[email protected] Michael W.M. Weishaar, SIOR 317.639.0494
[email protected] Bob Getts 317.639.0524
[email protected] www.cassidyturleyauctions.com AC30000011 AU01050292
The information contained herein was obtained from sources we consider reliable. We cannot be responsible, however, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller and broker make no representation as to the environmental condition of the property and recommend purchaser’s independent investigation.
TERMS AND CONDITIONS OF AUCTION PROCEDURE: The 192,000 S.F. building and 50 acres will be offered as a total unit. There will be open bidding during the auction as determined by the Auctioneer. DUE DILIGENCE: Property information/bidder’s packet may be obtained from the Auction Company. Please go to www.cassidyturleyauctions.com to download the information OR contact Bob Getts at 317.639.0524 or
[email protected] to obtain details. Included in the information are details on the property and the Purchase Agreement. It is recommended that each bidder independently verify all information and perform his/her own physical inspection of the property. All information contained in the sale brochure and any related material are subject to the terms and conditions outlined in the Purchase Agreement. All final bid prices are subject to the Seller’s acceptance or rejection. DOWNPAYMENT: Buyers shall deposit a Cashier’s Check in the amount of $50,000 as down payment immediately following the auction. The remainder of the purchase price shall be payable via wire transfer at closing. If the Seller accepts the highest bid the Buyers shall forfeit the deposit upon failure to close as provided in the Purchase Agreement. Bidding is not conditional upon financing. CONVEYANCE: The Property will be conveyed by Receiver’s Deed. EVIDENCE OF TITLE: Seller agrees to furnish Buyer at Seller’s expense, a Policy of Title Insurance in the amount of the purchase price. CLOSING: The balance of the real estate purchase price is due at closing, via wire transfer, no later than November 14, 2011, or as soon thereafter as Seller can provide all closing documents. Costs for an insured closing shall be paid 50/50 by Buyer and Seller. POSSESSION: Possession shall be given on the day of closing. SURVEY: NO SURVEY PROVIDED REAL ESTATE TAXES: Buyer shall assume the real estate taxes due and payable in May 2012 and all subsequent taxes. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold “AS IS, WHERE IS” and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company.. Each potential bidder is responsible for conducting his/her own independent inspections, investigations, inquiries and due diligence concerning the property.. The information contained in this brochure is subject to verification by all parties relying on it. The Sellers and the Auction Company assumes no liability for accuracy, errors or omissions. General Specifications: Total Improvements: ± 192,000 SF Land: ±50 Acres Year Built: 2008 Location: 32 miles west of Indianapolis with immediate access to I-70 Construction: Pre-engineered steel frame with Insulated Steel Panels Clear Height: ± 15'– 20'6" Office Area: ± 1,200 SF Kitchen Area: ± 850 SF Restrooms: 4 Full Bath/Shower Rooms and 1 Half Bathroom Lighting: Metal Halide
For more information, contact: HVAC: Electric Infrared Heaters Power: 2 400 Amp 277/480V for the building (Site also includes another 800 Amp Service for Exterior Site Use) Fire Protection: Wet Sprinkler Loading: 12 Oversized Drive-in Doors Car Parking: ± 1,000 Spaces Trailer Parking: ± 200 Spaces (with Electrical Hook-ups) Floor: Dirt and 4” Concrete Heat: Radiant Heat Zoning: B-2 (General Business District)
Greg J. Folz 812.474.1900
[email protected] Michael W.M. Weishaar, SIOR 317.639.0494
[email protected] Bob Getts 317.639.0524
[email protected] www.cassidyturleyauctions.com AC30000011 AU01050292