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GONE! Osage Beach Commercial Auction

Professional Office Plaza — Seller’s Reserve only $300,000 ($900,000+ invested in property)


8,100 sf+/- divides into 6 professional office suites w/front door parking. (5700sf tenant finished; 2400sf ready-to-finish). Attractive brick/stucco built in 2006. Busy commercial location on Osage Beach Pkwy just off KK exit.

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 10/22/14 at 1:00 PM CDT
Location: 5891 Osage Beach Parkway, Osage Beach, MO 65065
INSPECTION
Began: 10/08/14 at 11:00 AM CDT
Ended: 10/08/14 at 1:00 PM CDT
Location: 5891 Osage Beach Parkway, Osage Beach, MO 65065

INSPECTION
Began: 10/15/14 at 11:00 AM CDT
Ended: 10/15/14 at 1:00 PM CDT
Location: 5891 Osage Beach Parkway, Osage Beach, MO 65065


8,100 sf+/- divides into 6 professional office suites w/front door parking. (5700sf tenant finished; 2400sf ready-to-finish). Attractive brick/stucco buildings built in 2006. Busy commercial location on Osage Beach Pkwy just off KK exit. Excellent income producing potential! Seller’s published reserve only $300,000! (Current investment approx. $900,000*).

 *******

Each professional office suite features large windows, front door parking, covered entry, and rear doors. 2 suites have dedicated on-building signage. Two suites are ready-to-finish together or individually.

 

BUILDING 1

-Suite 101 (Formerly McNally Properties)

-Faces Osage Beach Parkway

-Peaked  façade with covered arched entry

-Dedicated on-building signage

-Upgraded neutral professional finish

-Upgraded ceiling fan fixtures in offices

-Reception area (11×30) with tiled entry, arched front door w/sidelights, reception desk

-6 offices/work rooms

-2 restrooms (1 with shower)

-Utility closet with storage space

-Rear entry door

 

Suite 102 (Formerly Pulaski Bank)

-Peaked façade with covered arched entry

-Dedicated on-building signage

-Upgraded neutral professional finish

-Reception are with tiled entry, waiting room, reception desk, arched front door with sidelights

-4 offices/work rooms

-Conference room

-1 restroom

-Kitchenette and storage area

-Rear door

 

BUILDING 2

-Suites 103 and 104

-Combined space totaling 2,400 sq. ft +/-

-Ready-to-finish as one or two suites

-Stubbed and studded for 2 restrooms and storage rooms

-2 front doors with covered arched entries and 2 rear doors

-Sheet rocked ceiling

 

Suite 105 (Formerly FNBC & GDB Realty Offices)

-Covered arched entry

-Standard professional finish

-Tiled reception/waiting area

-3 offices/workrooms

-1 restroom

-Kitchenette

-Rear door

 

Suite 106 (Formerly H&R Block)

-Covered arched entry

-Tiled reception area

-Large open work area

-4 offices/work rooms

-2 large restrooms

-2 rear doors

 

EXTERIOR

The attractive exterior is anchored by the brick tower with inset chevron details, lighted windows and peaked roof.  The balance of the public elevations is two-toned stucco with brick accents and an attractive metal roof.  The backs of the buildings are clad in complementary siding.

 

PARKING

The lot on the southwest side of the buildings conveniently provides 31 dedicated striped spaces adjacent to the office entrances.

 

SIGNAGE

A 10×11 lighted monument sign perpendicular to Osage Beach Parkway is configured for 6 tenants plus building identification. Additionally, lighted on-building signage is located above the entrances to suites 101 and 102.

 

LOCATION

Located on the KK exit from 54 Expressway, the site is surrounded by mixed commercial, retail, hospitality, medical and professional along the busy Osage Beach Parkway. Lake Regional Hospital and Grand Glaize Osage Beach Airport are each less than a mile away.

 

RESERVE             

The seller’s published reserve is only $300,000. To date, the seller has invested approximately $900,000* in the property. It will sell to the highest bid over $300,000.

 

AUCTIONEER’S NOTE

These two newer office buildings are ideal for long-term professional tenants or even an owner-user. The attractive exterior, substantial signage and easy parking, combined with the busy commercial location will appeal to a variety of uses.  The nice tenant finishes and ready-to-finish spaces offer leasing flexibility for quick cash flow. The owner has chosen auction to expedite the sale of the property and has set the reserve at only $300,000! With approximately $900,000* invested in the property to date, this auction is an unprecedented buying opportunity. Walk through during an inspection period or schedule a private showing, then come and bid your price on October 22nd!

 

3 WAYS TO BUY!

Make an offer in advance. Call 816.781.113 for details. Subject to auction terms.

Bid live on-site. Registration opens at 12:00 noon. See terms for requirements.

Bid live online. Advance registration required. See www.CatesAuction.com.

*Per Seller

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 evidence of title insurability. Cost for the purchase of the title insurance policy is the responsibility of the buyer. 

 

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 US 54 Expwy, exit east on State Hwy KK, left on Osage Beach Parkway, left to address on left next to Comfort Inn.

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