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GONE! Commercial Building Auction: 3-Story Office | Independence, MO

11,538 SF Office Building. Appraised at $420,000. Seller’s Reserve only $75,000!


Bidding opens at seller’s reserve of only $75,000! (Appraised at $420,000.) Best upside potential in the area! Solid 3-story office building in good repair. 11,538 SF (3846/floor). Bustling commercial corridor off I-70 & Noland.

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 08/03/16 at 12:30 PM CDT
Location: 4228 S. Hocker Drive, Independence, MO 64055

PROPERTY INSPECTIONS: WEDNESDAYS, JULY 20TH & 27TH; 11:00AM-1:00PM

 

Bidding opens at seller’s reserve of only $75,000! (Appraised at $420,000.) Best upside potential in the area! Solid 3-story office building in good repair. 11,538 SF (3846/floor). Bustling commercial corridor off I-70 & Noland. Sells to highest bidder over $75,000!

 

BUILDING TYPE:     Commerical Office

BUILDING AREA:    11,538 square feet (3,846 square feet per floor)

YEAR BUILT:          1986

SITE:                   0.76 acres (33,318 square feet)

LOCATION:           Just south of I-70, off Noland Road in Hidden Creek Office Park

FLOORS:              Three (Two above grade + finished lower level walk out)

ENTRANCES:         Two (Front entrance from parking; rear entrance from sidewalk/patio)

STAIRWELLS:        Two (Front and rear)

PARKING:             Ample shared parking in office park

CONSTRUCTION:    Wood frame on concrete foundation

EXTERIOR:            Stone and wood siding

INTERIOR:            Carpet, drywall, paneling, acoustical tile ceilings w/florescent lighting

RESTROOMS:        On each floor

VACANCY:            100%. (Last tenant was Xceligent leasing 11,538sf at $5.20 psf NNN.)

ZONING:              C-2, Commercial General

PARCEL ID:          33-240-10-18-00-0-00-000

LEGAL:                Hidden Creek Office Park 3rd Plat, Lot 9, Building 12

2015 TAXES (paid):$12,662 ($1.10/sf)

 

2015 TAX APPRAISAL:     $423,888 ($36.74/sf)

2013 APPRAISAL:              $420,000 ($36.40/sf)

AUCTION RESERVE:          $75,000 ($6.50/sf)

 

AUCTIONEER’S NOTE

Our seller is serious! The current tax appraisal on this quality office building is $423,888 or $36.74 per square foot. Bidding will begin at the seller’s auction reserve of only $75,000 or $6.50 per square foot! Whether you move your business in or lease it out (or both), the upside potential is huge. Come to an inspection on July 20th or 27th and see for yourself! There’s no other opportunity like this and when the gavel falls on August 3rd, it’s gone. 

 

3-EASY WAYS TO BUY!

1. BUY IT NOW

     Can’t wait for the auction? Call for details about buying a property in advance of the auction.

2. BID LIVE ONLINE

     Advance registration required.

3. BID LIVE ONSITE

     Attend the auction in person on auction day.

 

Per the published auction terms, this property is available for sale prior to the auction. To qualify, all pre-auction offers must meet all auction terms and be submitted on the provided Cates Real Estate Sale Contract along with the required deposit. All qualifying offers will be presented to the Seller for a timely response. Please contact our office for assistance if needed.

 

 

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 5% 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:

2016 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: 3 Story Office Building Independence MO

I-70 to Noland Rd., south to E 42nd St., east to entrance to Hidden Creek office park to Building 12.

Click on any image to view larger.

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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!