kansas-city-auction-company

SOLD! Industrial Warehouse/Office/Showroom Auction

40,000sf Industrial/Office Space – Reserve Only $250,000! (Last List $499,000)


2 story, flexible warehouse, office, light industrial space versatile enough to suit a wide variety of operations. Frontage on major thoroughfare in North KC w/easy highway access & great central location. Seller’s reserve equals $6.25/sf!

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 06/12/14 at 12:00 PM CDT
Location: 1330 Burlington Street, N Kansas City, MO 64116
INSPECTION
Began: 05/29/14 at 11:00 AM CDT
Ended: 05/29/14 at 1:00 PM CDT
Location: 1330 Burlington Street, N Kansas City, MO 64116

INSPECTION
Began: 06/05/14 at 11:00 AM CDT
Ended: 06/05/14 at 1:00 PM CDT
Location: 1330 Burlington Street, N Kansas City, MO 64116


PROPERTY FEATURES

BUILDING TYPE                 Commercial; Light Industrial, Warehouse, Office, Showroom

Exterior                                Brick, concrete block

Frontage                              150’ on West Side of Highway 9 (Burlington Street)

YEAR BUILT                         1950

BUILDING AREA                40,000 SF +/- (two story)

SITE AREA                            .47 acres +/-

ZONING                               M-1 Light Industrial

ROOF                                    Flat, Built up

HVAC                                    Central AC; suspension heaters

SIGNAGE                             Building

ROOFTOP BILLBOARD    $5,000/yr Rental Income

2013 TAXES                         $18,651.73

 

Other Features

 

  • 40,000 SF +/1
  • Main level:  4 offices; 3 restrooms
  • Upper level:  10 offices; 4 restrooms
  • 26,541 Vehicles/Day Traffic Count (MODOT 2012)
  • Sellers reserve only $250,000 ($6.25/sf!) – Last listed at $499,000

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 45 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.

 

From I-35 in Downtown, exit Oak St. (9 Hwy), North to address on left.  From I-35 North of the River, exit Armour Rd., West to Burlington St., South to address on right.

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AuctionServices
We are Kansas City's oldest and most experienced real estate auction company specializing in accelerated real estate sales in Missouri and Kansas, including Overland Park, Lenexa, Shawnee, Leawood, Kansas City, Lee's Summit, Olathe, Blue Springs, Independence, Liberty, Kearney, Parkville, Smithville, Gladstone, Clay County, Platte County, Jackson County, Johnson County, Wyandotte County, Leavenworth County, Cass County, Lake of the Ozarks, Lake Ozark, Sunrise Beach, Osage Beach, Four Seasons, Shawnee Bend, Miller County, Camden County, and around the Midwest. Kansas City auctioneers with regional expertise!