GONE! NO RESERVE AUCTION: Raytown Centre 65 – Income Producing 25,000 Sq. Ft. Strip Center on 2 Acres m/l, Raytown, Missouri – For Sale at No Reserve Auction
Location: 6520 Raytown Road, Raytown, MO 64133
The seller of this property has accepted a pre-auction offer and the property has sold. (See auction terms regarding pre-auction offers.) Thank you for your interest in this property.
IMMEDIATE INCOME! – 78% OCCUPIED!
25,0000 SF OFFICE/SERVICE COMPLEX ON 2 ACRES M/L
Raytown Centre 65 is a well maintained, multi-tenant office/service complex consisting of three, one story masonry buildings totaling approx. 25,000 sq. ft. configured in a U-shape with the buildings facing a center parking lot. Each building is slab on grade except for two lower level partial basements. There are 20 tenant suites with a basic configuration of 840 sq. ft., carpeted floors, painted sheetrock walls, acoustical tile ceilings with fluorescent lighting, restroom, roof mount combination forced air gas furnace and central air, hot water heater and 100 amp electrical service. Some suites have been combined into larger suites to accommodate client needs. A great investment opportunity!
Building Area: 25,000 sq. ft. Land Area: 2 Acres m/l Year Built: 1977
Tenant Suites: 20 (some combined)
Occupancy Rate: 78%
Parking Lot: Asphalt, lighted
Parking Spaces: 123
Drive Entrances: 2
Interior: Carpet, painted sheetrock
Exterior: Cherokee, concrete block
Roof: Shingled Mansard, flat tar & gravel
Hvac/Suite: Roof mount forced air gas & c/a
Power/Suite: 100 amp electrical service
Basement Area: 6528: 2352 sq. ft. finished
Basement Area: 6530: 2000 sq. ft.
Zoning: NC Neighborhood Commercial
Road Frontage: 300’
Parcel ID: 45-240-09-43-00-0-00-000
2016 Projected NOI: $50,980
2015 RE Taxes: $24,089
Tax Appraisal: $712,802
* Information obtained from 2003 appraisal and Jackson County tax records
As some of the original partners of 75th Street Assoc. are aging and others have passed, the partnership has decided it is time to sell the assets and dissolve the partnership. They have chosen a no reserve auction, so the real estate will sell to the highest bidder regardless of price thus facilitating a time definite sale. A Cates representative will be onsite for inspections on Wednesday, Sept. 21st and Sept. 28th, from 11 to 1 p.m. followed by the auction on Wednesday, October 5th at 10:00 a.m. Don’t miss this great investment opportunity. Come and bid your price!
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.
Disclosure: This property is under continuous video surveillance.
AUCTION TERMS AND CONDITIONS:
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.
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 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.
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.
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.
Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.
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).
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: 6520-30 Raytown Road, Raytown MO 64133
I-70 to Blue Ridge Cutoff, south 1 mile to Raytown Rd., slight left on Raytown Rd. then 2.5 miles to address – OR – I-435 to 63rd St./MO-350, east 2 miles to Raytown Trfwy, then right to address. Watch for signs.