Tract 2: Block construction commercial building with over 10,000 SF area, including office space and additional space in a partial basement. Lots of possibilities for business or storage.
Bidding Procedure: The property sells to the highest bidder(s) via Multi-Parcel Timed Online Auction subject to Seller’s confirmation.
Timed Online Bidding: All bids will be placed using the online bidding portal. See additional online bidding terms at bidding portal
Acceptance of Bid Prices: The successful bidder(s) will sign Confirmation of Sale Agreement(s) within twenty-four hours after the close of bidding.
Down Payment: Purchaser(s) will deposit with Auctioneer earnest money of $5,000 per tract within forty-eight hours after the close of bidding; balance due at closing. Bidding IS NOT CONDITIONAL UPON FINANCING.
Real Estate Taxes: Taxes will be prorated to date of closing using long proration method.
Closing Date: On/before December 4, 2020. Purchaser will pay customary portion of closing costs at closing.
Possession: Date of closing with month-to-month tenants in possession of residence rights reserved to complete their month’s occupancy at end of month closing.
Agency: Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Confirmation of Sale Agreement. Announcements made by the Auctioneer at the time of the Auction will take precedence over any previously printed or oral information. The property is sold on an “AS IS, WHERE IS” basis, and no warranties or representations, either expressed or implied, concerning the property are made by the Seller or the Auction Company. Each bidder is responsible for conducting his/her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it. Neither the Seller nor the Auction Company assumes liability for its accuracy, errors, or omissions. Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and the Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, legal capacity, etc. All decisions of the Auctioneer are final.
Note: 0.2-acre parcel immediately to south of warehouse structure (coded red in aerial photo) is owned by a neighbor, but will transfer from that owner to the contracting purchaser for no additional consideration as part of this transaction.
Additional Online Bidding Terms:
PLEASE NOTE: All online bidders agree that they have read and fully understand these terms and agree to be bound thereby:
NO ONLINE BIDDING FEES: No buyer premiums or other online bidding fees will be charged for online bidding.
Online Bidding: Online pre-bidding will be available beginning October 12, 2020. Auctioneer retains full discretion to modify these terms at any time prior to or during the auction. Bidders’ use of online bidding option and bid placement constitutes acceptance and agreement to adhere to these terms. All bidders are responsible for reading all terms and conditions. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations. Auctioneer is not responsible for the failure of any part of the bidding process or internet bidding. "Max bids" will be accepted (i.e. bidders may enter a starting bid with an automatic "not to exceed" bid). The auction will end at the stated time and the "SOLD" property will be deemed sold based on the winning bid and upon Seller's confirmation. Bidding increments are at the discretion of the Auctioneer.
Automatic Bidding Time Extension: Any bid placed within five minutes of the end of an auction will automatically extend the auction for an additional 5 minutes.
Modifications and Technical Difficulties: Auctioneer retains full discretion to modify the date, time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Auctioneer or the Seller.
In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Sheridan and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. Neither Sheridan nor the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary.
Bidder’s Agreement: Your use of this online bidding option constitutes your acceptance and agreement to adhere to these terms. Please print a copy for your records. All bidders are responsible for reading all terms and conditions carefully. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations.
Jamestown, Ohio 45335
2 JAMESTOWN PROPERTIES
2-Family Home ♦ 10,000 SF Warehouse
Selling via Multi-Parcel Auction
Timed Online Bidding Ends October 26