Absentee
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Date(s)
10/1/2019 - 10/22/2019
Bidding Notice:

Place absentee bids online here if you can not attend the auction. Absentee bids are due by 6PM EST on Tuesday,October 22, 2019.


Information
Lot # 10
Group - Category Real Estate - Ag / Farm Land
Lead McConville Park Unit C-10: 4757 sq.ft., leased
Description
leased through 5/31/2020, current monthly income of $2,722.07 ($2,126.55 rent + $495.52 POA + $100 internet), loading dock
Name McConville Park
Auctioneer
Type Internet Absentee Bidding
Date(s) 10/1/2019 - 10/22/2019
Auction Date/Time Info
Wednesday, Oct.23, 2019 at 12:30PM EST
Preview Date/Time Agent in Unit A-1 on Thu Oct.10 from 12-2 PM, Tue Oct.15 from 12-2 PM, and Mon Oct.21 from 12-2 PM
Checkout Date/Time N/A
Location
Buyer Premium 5% Buyer's Premium
Description
Minimum Bid Auction for 11 office/warehouse units in McConville Park Commercial Condominium. Great location just off the Lynchburg Expressway giving access to all major transportation arteries. 11 units vary from 2262 to 4757 sq.ft. with starting bids beginning as low as $95,000. Ideal for end users and investors with 4 vacant and 7 leased units. Fiber optic internet through Serga.
Terms: Property sells “AS-IS”, "WHERE-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company. Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company. Title: Seller, as Declarant, will convey title by General Warranty Deed free and clear of all liens. Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30 AM day of sale. A valid form of identification (i.e. driver’s license) will be required to register. Deadline for online registration is 5PM EST on the day prior to the auction. Online Bidding: If you can not attend the auction or won't be available to bid by phone, online absentee bidding is available. The deadline for placing online absentee bids is 6PM EST on the day prior to the auction. (Here is an example showing how absentee bidding works: Bidder 1 places an absentee bid of $50,000. Bidder 2 places an absentee bid of $100,000. Bidder 2 is now the high bidder at $51,000. Bidder 3 places an absentee bid of $80,000. Bidder 2 becomes the high bidder at $80,000. Absentee bidding closes. At the live auction, bidding begins at the current bid of $80,000 and Bidder 2 will remain high bidder until bids exceeds Bidder 2's absentee bid of $100,000.) Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property. Approval: Properties sell to the highest bidder(s) at or above the published minimum bids. Buyer’s Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price. Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds within 2 business days. Otherwise, the deposit will be charged to your registration credit card. Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale. Agency: The auction company and its representatives represent the sellers.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 999,000.00 1,000.00 USD
999,000.01 - 9,999,999.99 2,500.00 USD
Currency USD
Buyer Premium 5% Buyer's Premium
Payment Terms
A deposit equal to 10% of final contract price (bid price plus buyer's premium) is due day of sale by cash or good check. Online bidders may overnight payment or wire transfer funds within 2 business days. The balance shall be due at closing on or about 30 days after the sale.
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.