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221 Helena St East Dayton Ohio 12 unit industrial25 Photos
221 Helena St East Dayton Ohio 12 unit industrial
Lot Closed
Auction by Gryphon(164)
This item is in Dayton, OH
Overview of 221 Helena St East Dayton Ohio 12 unit industrial
Item Details
Reserve of only $275,000!
41,500 sq foot multi-tenant office/warehouse on 3.28 Acres +/-
13 units, 83.1% rented. Many units under lease for the next 3-4 years.
$112,680.00 current income.
Potential of $170,000.00 income annually when fully rented at market rate.
Management is in place and has expressed an interest in staying on with new owners. Current management is able to handle all aspects of rental for potential out of state/country owners (tenant screening, leasing, rent collection, repairs, utility payments, etc.)
Unit descriptions:
Unit 221-223: 5,492 sq ft rented for $1,945/month with lease until 11/2015
Unit 227-231: 9,923 sq ft rented for $2,000/month with lease until 9/2015
Unit 233: 3,000 sq ft rented for $700/month until 1/2019
Unit 235: 3,000 sq ft rented for $700/month until 1/2019
Unit 237: 3,000 sq ft rented for $900/month until 5/2019 (lease rate increases $50/year)
Unit 239: 4,500 sq ft rented for $1,275/month until 1/2016
Unit 241: 4,500 sq ft rented for $1,500/month until 12/2017 (lease rate increases $50/year)
Unit 1224: 1,478 sq ft rented for $370/month on month to month basis
Unit 225: 3,000 sq ft vacant ($1,000/month potential)
Unit 1222: 1,379 sq ft vacant ($500/month potential)
Unit 1226: 1,108 sq ft vacant ($500/month potential)
Unit 1228: 1,106 sq ft vacant ($500/month potential)
Possible Owner Financing. Recent Board of Revision appraisal estimates the market value of this property to be $480,000.00. This appraisal was performed using the Direct Sales Comparison Approach and the Income Approach.
For income/expense or other information, please contact Shawn J. Dostie, Auctioneer @ (740) 502-1017.
Available for showing by appointment. For scheduling please contact Shawn Dostie.
Online Auction only. Auction to close April 15, 2015 starting at 10:30 Am in conjunction with other properties.
To bid,go to www.Proxibid.com/Gryphon
Terms and Conditions: Deposits: An initial deposit in the amount of $2,500 per property will be collected from the high bidders credit card at the conclusion of the auction. In the event the Initial Deposit of $2,500 is less than 10% of the total purchase price, an additional certified check making up the balance of a 10% deposit will be required to be delivered to Auction Firm the next business day following the conclusion of the auction along with the Purchase & Sale Agreement.
Closing is to be within 30 days. No contingencies. Properties sold as is where is with no warranty express or implied including merchantability for any particular purpose.
Buyers Premium: A 10% Buyers Premium will be added to the final bid price and included in the total sale price.
Complete Auction terms and conditions at auction site www.proxibid.com/gryphon
Industrial area of Dayton. Convenient to I 75.
Payment
Deposits: An initial deposit in the amount of $2,500 per property will be collected from the high bidders credit card at the conclusion of the auction. By registering for this auction, the highest bidder agrees NOT to initiate a credit card chargeback for any reason. In the event the Initial Deposit of $2,500 is less than 10% of the total purchase price, an additional certified check making up the balance of a 10% deposit will be required to be delivered to Auction Firm the next business day following the conclusion of the auction along with the Purchase & Sale Agreement.
Closing is to be within 30 days. No contingencies. Properties sold as is where is with no warranty express or implied including merchantability for any particular purpose.
Buyers Premium: A 10% Buyers Premium will be added to the final bid price and included in the total sale price.
Wire Transfer
Auction Details
8 Real Estate Parcels, Dayton, CBus, Cinci OH221 Helena St, Dayton, OH, 45404Monday, Mar 2, 2015 | 5:21 PM CST
Auction House
Terms Of Sale
Thank you for participating in this Online Only Auction Event. Outlined below are the Terms & Conditions of Sale. Please read them carefully. By placing a bid, you are acknowledging your acceptance of these Terms.
NOTE: THIS IS AN ONLINE ONLY AUCTION EVENT.
Auction Closing Date: Bidding continues until March 16, 2015.
Inspection: Monday March 9, 2015 from 11am until 2:00 pm. We will meet at the Helena Warehouse Property then travel as a group to each additional property.
Registration: To obtain a buyer number for the real estate auction, the buyer must complete online registration with Auction Firm, agree to have your registration related credit card charged the appropriate deposit amount upon being deemed the High Bidder and execute a Purchase & Sale Agreement for delivery to Sperry Van Ness Gryphon Parker (SVNGP) the next business day following the conclusion of the auction.
Be it understood that SVNGP advises all potential buyers to seek legal counsel if for any reason they do not understand any part of the auction’s TERMS and CONDITIONS.
Agency: Sperry Van Ness Gryphon Parker represents the Seller in this transaction.
Contracts: The successful bidder for the purchase of the real property shall sign and return all documents to SVNGP on the next business day following the conclusion of the auction. Transmission may be made by email to shawn.dostie@svn.com or by overnight mail / hand delivery to 90 Northwoods Blvd, Columbus, Ohio 43235.
A copy of the Purchase & Sale Agreement is available by contacting SVNGP at shawn.dostie@svn.com.
Deposits: An initial deposit in the amount of $2,500 per property will be collected from the high bidders credit card at the conclusion of the auction. By registering for this auction, the highest bidder agrees NOT to initiate a credit card chargeback for any reason. In the event the Initial Deposit of $2,500 is less than 10% of the total purchase price, an additional certified check making up the balance of a 10% deposit will be required to be delivered to Auction Firm the next business day following the conclusion of the auction along with the Purchase & Sale Agreement.
Buyer’s Premium: A Buyers Premium of 10% shall be added to the high bid at the close of bidding. The high bid plus buyers premium shall constitute the Total Contract Price paid by the Buyer to the Seller.
Closing: Within thirty (30) calendar days following the date of completion of the Auction. Closing shall occur through a closing/title agent of Sellers choosing. At Closing, Buyer shall receive a warranty deed to the Property in transferable and recordable form.
Possession: Buyer shall be entitled to possession at closing.
Real Estate Brokers: Agents and brokers MUST register their clients with Auctioneer prior to client placing any bids on property. A Broker Registration Form is available by contacting SVNGP shawn.dostie@svn.com. An agent or broker also acting as a buyer does not qualify for commissions.
Condition of Sale: BUYER ACCEPTS THE PREMISES “AS-IS WHERE IS”, WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND BY SELLER INCLUDING ANY REPRESENTATIONS REGARDING ENVIRONMENTAL CONDITIONS AFFECTING THE PREMISES. THE WARRANTIES EXCLUDE, BUT ARE NOT NECESSARILY LIMITED TO FREEDOM FROM STRUCTURAL DEFECTS, CONSTRUCTION IN A WORKMANLIKE MANNER AND FITNESS FOR HABITATION.
Jurisdictions: The respective rights and obligations of the parties with respect to the herein terms and conditions and the conduct of the Public Auction shall be governed and interpreted by the laws of the State of Ohio. By bidding at the Public Auction, whether present in person or by agent, by written bid, online or other means, the buyer shall be deemed to have consented to the terms of the auction. Any controversy or claim arising from or relating to the any purchase contract or incidental document associated therewith, or breach thereof, shall be determined and settled by the Court of Common Pleas in Franklin County, Ohio.
High Bidder Notification: At the conclusion of the auction winning bidders will receive an email advising of the items won as well as provided with an invoice for payment. Bidders will receive an email only and are responsible for checking your email account.
BUYER BEWARE: By placing a bid, the bidder acknowledges that s/he has been provided an opportunity to conduct an inspection of the property and is entering into this agreement as the result of a thorough inspection, or acknowledged opportunity to inspect, of the property being purchased and in an “AS-IS, WHERE-IS, and AS-INSPECTED” condition with any and all faults.
The above-stated Terms & Conditions of Sale cannot be altered except in writing by The Auctioneer. By registering to bid, I agree that I have read and understand the previous terms and conditions.