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GONE! Commercial Real Estate Auction

Versatile Commercial Office, Shop and Warehouse -Reserve only $225,000 vs. Original List of $499,000!


Outstanding commercial property, partially leased to long-term national tenant.  $30,000 annual rental income.  Excellent owner-occupant and/or income investment property.  Very well maintained with plenty of room for future expansion.

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 06/11/14 at 12:00 PM CDT
Location: 10531 E 40 Hwy, Independence, MO 64055
INSPECTION
Began: 05/28/14 at 11:00 AM CDT
Ended: 05/28/14 at 1:00 PM CDT
Location: 10531 E 40 Hwy, Independence, MO 64055

INSPECTION
Began: 06/04/14 at 11:00 AM CDT
Ended: 06/04/14 at 1:00 PM CDT
Location: 10531 E 40 Hwy, Independence, MO 64055


Seller’s Reserve Only $225,000! (Original List $499,000)
Flexible Commercial/Light Industrial Facility On 5 Acres +/-
Main Building on 40 HWY is 13,480sf +/- total. 5,000sf currently leased. 8,480sf available for lease or owner occupant (includes 5,280sf of warehouse/shop space). Site also includes an additional 3,800sf separate warehouse building.

  • Site Area 5.09 acres +/-
  • Traffic Count 14,512 VPD per MoDOT 2012 Volume Map
  • Year Built 1972
  • Building Type Commercial; Light Industrial; Warehouse
  • Square Footage Main Building – 13,480sf total; 5,000sf leased ($6.05/ft); 8,480sf for lease
  • Building 2 – 3,800sf metal warehouse/shop
  • HVAC Central heat and AC in main building, AC roof mounted. Shop building heated only
  • Overhead Doors Main Building – 2 on South Side, 1 on West Side
  • Warehouse – 2 on North Side, 1 on South Side
  • Exterior Main Building- Concrete block and stucco, metal roof
  • Warehouse – metal building, two eave heights – 12’ and 14’
  • Zoning C-2
  • Parking Asphalt parking for 20 customers; additional employee/company parking in rear
  • Parcel ID’s 32-120-16-14-01-0-00-000; 32-120-16-03-00-0-00-000; 32-120-16-04-00-0-00-000; 32-120-16-09-00-0-00-000; 32-120-16-10-00-0-00-000; 32-120-16-15-02-0-00-000; 32-130-02-01-02-0-00-000
  • 2013 Taxes $9,226.73

AUCTIONEER’S NOTE

As James Shaw has passed away, Beverly Shaw has selected Cates Auction & Real Estate Company to sell this excellent facility and surrounding property to the highest bidder over $225,000 (original list was $499,000).  Ray Bucklew will be onsite for previews on Wednesdays, May 28th and June 4th from 11am to 1pm.  Don’t miss the opportunity to bid your price on this well-maintained property on 40 Highway.  If you have any questions or need additional information, give Ray a call at 816-695-2163.  See you June 11th!

AUCTION TERMS AND CONDITIONS:

REGISTRATION:
Onsite bidder registration will begin one hour before the auction. Online bidder registration is open now. All bidders must provide a valid driver’s license and current address. Online bidders must also provide a credit card to register. 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 immediately following the close of bidding. Cash, cashier’s check or personal/business check will be accepted from onsite bidders. Bank wire will also be accepted from online bidders.

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 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 subject to any remaining rights of the current tenant(s), if applicable.

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 general warranty deed conveying the real estate to the buyer(s).

REAL ESTATE TAXES & ASSESSMENTS:
2014 taxes are to be prorated as of the closing date.

EASEMENTS AND LEASES:
Sale of said property is subject to any and all easements of record and any and all leases.

AGENCY:
Cates Auction & Realty Co., Inc. and its representatives are Exclusive 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.

 

Video: Commercial Real Estate Auction

From I-70 Eastbound, Exit Sterling Ave., North to 40 Hwy, West to address on left.  From I-70 Westbound, Exit 40 Hwy, West to address on left.

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