GONE! ABSOLUTE COMMERCIAL AUCTION
CLASS A 3500 SF RETAIL BUILDING on 1 ACRE SITE +/-
PROPERTY LOCATION: 11920 NW Ambassador Drive Kansas City, MO 64153
Thursday, October 27, 2011 from 10:00 AM – 12:00 PM CDT
Thursday, November 03, 2011 from 10:00 AM – 12:00 PM CDT
CLASS A 3500 SF RETAIL BUILDING on 1 ACRE SITE +/-
- Building Type: Class A Retail
- Total Building Area: 3,500 SF +/-
- Land Area: 1 Acre +/-
- Paved Parking: 40,000 SF +/-
- Surface Parking Spaces: 60
- Construction: 1 Story Masonry
- Year Built: 1997
- Zoning: CP-2
- Signs: Lighted Building and Monument
- High Traffic Area: 26,000 Cars/Day +/-
- 2010 Taxes: $12,461.23
- Location: 2.6 miles to KCI Airport
- Highway Access: I-29/US-71, I-435, 291 Hwy
- Surrounding Properties: Hotels
Don’t miss this opportunity to buy this great Class A commercial retail building located just minutes east of KCI airport at Auction Prices! This property is being sold to the highest bidder regardless of price at absolute auction. Whether you are an investor or owner user, this property should be at the top of your list. A Cates representative will be onsite for property inspections on Thursday, October 27th and November 3rd from 10:00 a.m. to noon. The auction will be held on-site at the property on Thursday, Nov. 10th at 10:00 a.m.. If you have any questions or need additional information, please let us know. We look forward to seeing you at the auction. Come and bid your price!
President & Chief Auctioneer
Platte County, Missouri
Platte County is home to Kansas City International Airport (KCI) which was voted “most user friendly” airport by the World Travel Award committee. Doing business in Platte County can be done quickly and efficiently due in part to proximity to KCI and is only twenty minutes from downtown Kansas City.
Platte County also has a strong highway system with I-435, I-29, I-35 and Highway 152 making travel easy within the Kansas City metro. Platte County has the third highest per capita income in the state of Missouri and second highest in the KCMSA. The population growth over the last four census decades has never been less than twenty percent.
AUCTION TERMS AND CONDITIONS
REGISTRATION: Registration will begin one hour before the auction. All bidders must provide name, address, phone number, social security number, and a valid driver’s license. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.
DOWN PAYMENT: The successful bidder(s) shall be required to make a 10% non-refundable down payment of the total purchase price at the auction site immediately following the close of bidding. A $15,000.00 cashier’s check shall be required to bid and presented at registration unless you have made other arrangements with the Auction Company. The cashier’s check should be made payable to yourself and then shall be endorsed over to the escrow agent if you are a successful bidder. A personal or business check to bring the balance up to 10% will be accepted.
FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.
CONTRACT SIGNING: The successful bidder(s) shall execute a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise.
CLOSING: Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing.
EVIDENCE OF TITLE: Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a warranty deed conveying the real estate to the buyer(s).
REAL ESTATE TAXES, ASSESSMENTS, & EASEMENTS: 2011 taxes are to be prorated as of the closing date. Sale of said property is subject to any and all easements of record.
AGENCY: Cates Auction & Realty Co., Inc. and its representatives are Agents of the Seller.
BUYER’S PREMIUM: A buyer’s premium of ten percent (10%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).
BROKER PARTICIPATION: A commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction.
DISCLAIMERS AND ABSENCE OF WARRANTIES
The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction.
I-29 N. to exit 13 toward I-435 E., merge on to Mid Continent Trfwy, then right on NW Ambassador Dr. to address. I-29 S. to NW 120th St/Mid Continent Trfwy, left to NW Ambassador Dr., right to address. I-435 W. to exit 36 toward I-29/KCI Airport, merger on to Cookingham Dr./Mid Continent Pkwy, left on NW Ambassador Dr. to address.