Absolute Auction of Office Tower & Parking Garage
Thursday, March 29, 2012 | 6:00 PM Eastern
Auction closed.
Absolute Auction of Office Tower & Parking Garage
Thursday, March 29, 2012 | 6:00 PM Eastern
Auction closed.
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See Special Terms for additional fees
See Special Terms for additional fees
Description
Income producing 6 story office Tower and separate parking garage in Dayton, Ohio's CBD. Over $1,000,000 in Gross Revenue. Sells Regardless of Price.
21 and 33 W. 1st St. Dayton, Oh
Lot # 1 (Sale Order: 1 of 1)
Please see our website for full due diligence on these properties. www.OhioRealEstateAuctions.com . Property Description: Income producing 6 story Dayton CBD office tower. Built in 1969, PID# R72-00309-0046, Zoned Office, land size is .45 Acres, Last purchase price was $2,100,000 in 1995. Current tax appraisal is $1,995,000. Annual taxes are $79,847. Annual assessments are $10,293. Future annual assessments are $5,623. Gross building square footage is 121,192. Total rentable SF is 87,839. Building exterior is concrete and glass. Roof is flat aggregate. Parking garage enters from the 3rd floor. Serviced by 3 certified elevators. Professional security and management on site. 8 current tenants. Anchor tenant is Dayton's oldest and largest law firm which occupy 1.5 total floors.
Description of Parking Garage and Land Lease: 21 West 1st St. Montgomery Co. PID# R72-00309-0042. Zoned for parking garage. .5409 Acres. Tax appraised at $625,610. Annual taxes are $26,967. Future annual special assessments are $2,092. Built in 1925. 6 Stories. Parking for 600. 167,706 Square Feet. 3 retail store fronts. 1 currently leased. You will only be bidding on the ability to use the property based on the current land lease. You are not buying the land. Annual land lease until June 30, 2024 is $20,000 per year paid quarterly plus all taxes, assessments, etc. See land lease for full details. Click Here for a copy of the Land Lease