NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2009 Oct 27 @ 17:00UTC-05 : EST/CDT
All Internet Bidders Must Overnight Certified Funds in the Amount of $50,000.00 prior to the start of Bidding. Certified Funds need to be made out to The Steffen Group Escrow Account; in the event that the bidder is not the succesful Buyer, said deposit shall be immediately returned to Bidder. In the event that the Bidder is succesful the Buyer shall submit the remaining earnest money deposit due (a total of 10% of the purchase price) with in 72 hours of the auction.
St. George Plaza, a 13,980 SF shopping center with a 6,400 SF warehouse building with a finished office space above. The property is well located in Fort Wayne, Indiana. This property will be offered in 2 tracts or combination of tracts.
St. George Plaza is located on Coliseum Boulevard (State Highway 930), Fort Wayne's main retail thoroughfare. The plaza has excellent frontage and a daily traffic count that exceeds 30,000 vehicles per day. The property is located within seconds of one of Fort Wayne's busiest intersections (Lima Road at Coliseum Boulevard) as well as within minutes from Glenbrook Square Mall, which serves over 15 million annual visitors and is the largest regional mall in the state of Indiana.
The plaza recently underwent several significant capital improvements. The current owner recently repaved the parking lot and put a new sign on the facility.
Investors can acquire a stable asset with good cash flow, excellent historical occupancy as well as benefit from long-term appreciation and upside of new space.
Total SF: 6,400 SF Warehouse with Finished Office Space
Parking Spaces: Adequate
Condition: Good
Year Built: 1997
Space Divisible: YES
Zoning: CM-4
Overhead Doors: YES
Type of Heating: Hanging GFA
Air Conditioning: None
Roof Type: Metal
Tenant: Expressions Floor Covering
Auction Location:
821 W. Coliseum Blvd, Fort Wayne, Indiana, United States
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
3% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
Procedure: This property will sell in two individual tracts or as an entire unit. There will be open bidding on the individual tracts or the combination of tracts during the auction. The property will be sold in a manner resulting in the highest total sale price. This Property will be SOLD ABSOLUTE WITH NO RESERVE TO THE HIGHEST BIDDER – REGARDLESS OF THE SALE PRICE.
Method of Payment: A non-refundable earnest money deposit of 10% of the purchase price will be required day of sale with the balance due the day of final closing. Closing to be within 45 days of the auction. This real estate is being sold for cash and your bidding is not contingent upon financing. Have your financing prearranged prior to auction day.
Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following the auction at the site.
Buyer's Premium: A 3% buyer's premium will be added to the final bid price of the real estate thus, determining the final selling price of the real estate.
Title: Seller will provide buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of the title. Seller will provide buyer with a fully executed corporate warranty deed conveying title to the buyer.
Possession: Possession will be given to the buyer the day of final closing subject to tenant rights.
Taxes: The real estate taxes will be prorated to the day of final closing.
Survey: The seller will not provide buyer with a survey. If the buyer or buyers' lender requires a survey it will be at the sole cost of the buyer.
Property Disclosure: This property being sold as is with no warranty being expressed or implied as to the physical condition, specific zoning or available permits.
Agency: The Steffen Group Inc and its Agents and the Zacher Company and its agents are exclusive agents of the seller.
Disclaimer and Absence of Warranties: All information contained in this broc