Bidding Procedure: The property will sell in one lot to the highest bidder, subject to confirmation of the Owner.
Acceptance of Bid Prices: The successful bidder will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding. Bidding IS NOT CONDITIONAL UPON FINANCING. At its next scheduled monthly Board of Education meeting, the Owner will vote to accept or reject the final bid price.
Downpayment: $50,000 as down payment will be deposited with the Auction Company on the date of auction upon signing of Confirmation of Sale Agreement; balance due at closing.
Real Estate Taxes: Property is currently exempt from Real Estate taxes. Taxes will not be prorated at closing.
- If Purchaser accepts current zoning, closing to occur on or before May 2, 2021.
- Zoning Contingency Period: If the current zoning is not acceptable to the Buyer, then the Buyer shall have the right to elect a 120-day “Zoning Contingency Period” to confirm the Buyer can obtain a zoning change for the Buyer’s intended use. Owner agrees to cooperate with the Buyer with all reasonable zoning-related requests and signatures.
o If elected, the Buyer’s intended use shall be documented in the Purchase Agreement and Buyer shall have up to 120 days beginning on the day following the Owner’s acceptance of the Purchase Agreement to either confirm the required zoning and close on the transaction OR terminate the Purchase Agreement. Buyer’s intended use must be different from Permitted Principal Uses under existing zoning.
o Buyer shall officially initiate the zoning change request with the proper authority(ies) within 14 calendar days following the Owner’s acceptance of the Purchase Agreement.
o If the Buyer’s desired use cannot be obtained during the Zoning Contingency Period, then the Buyer shall terminate the Purchase Agreement no later than 5 days following the date of receipt of the final zoning notification from the proper government authority, with written proof of the rezoning rejection required. Failure by the Buyer to initiate the zoning change request with the proper authority(ies) by the above-stated deadline shall not constitute an acceptable reason to terminate the Purchase Agreement if the zoning change cannot be obtained within the time specified in the Purchase Agreement.
o If the Zoning Contingency Period is elected, the closing shall occur at the earlier of (a) 30 days following receipt of final zoning notification from the proper government authority, with written proof from the zoning authority required, or (b) 120 days following the Owner’s written acceptance of the Purchase Agreement.
- Purchaser will pay customary portion of closing costs at closing. Closing will be conducted by Chicago Title, Dayton, Ohio.
Possession: On or about date of closing.
Personal Property Auction: Owner reserves the right to use the property as desired, including the right to conduct a personal property auction, up to the date of closing. All classroom and office furniture, classroom and shop equipment, kitchen equipment and walk-ins, lockers, and other personal property will be sold separately at Public Auction and shall not be assumed to sell with the real estate.
Agency: Sheridans LLC and its representatives are Exclusive Sales Agents for the Owner.
Disclaimer & 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 Owner 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 Owner 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 Owner 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.
COVID19 Statement: Due to certain Covid-19 related public gathering mandates, Auctioneer reserves the right to change auction location and/or to cancel onsite bidding. Interested parties should be prepared to bid online. Up-to-date information will be provided at the auction website.
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: Auctioneer will accept online bids during auction in real time (no pre-auction bidding will be accepted). Auctioneer retains full discretion to modify thee 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.
Purchase Contract: Online Purchaser(s) will sign the Confirmation of Sale Agreement (i.e. Purchase Agreement) via electronic signature promptly upon presentation from Auctioneer within 24 hours of auction unless other arrangements are agreed upon by Purchaser and Seller
Down Payment: Online bidders agree to deliver to Auctioneer via overnight mail or personally delivered funds the $50,000 down payment on purchase within 48 hours of the auction. Personal delivery may be made to Sheridans LLC, 200 Parkview Lane, Cedarville, Ohio (please call prior for appointment). Wired funds (request wiring instructions from Sheridans) must include a $35 wiring fee (total of $50,035). All funds will be paid for in U.S. funds.
Online Bidding: Online bidding features will include real time livestream bidding during the auction. No "max bids" will be accepted (i.e. bidders may not enter a starting bid with an automatic "not to exceed" bid; bidders will enter all bids manually). The auction will end upon the Auctioneer's declaration and all "SOLD" tracts will be declared sold at the same time based on the winning set of bids. Bidding increments are at the discretion of the Auctioneer.
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, Sheridans and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. Neither Sheridans 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.
Xenia, Ohio 45385
Join us at the property on March 3rd for this rare opportunity to purchase a quality and multi-functional property. Potential uses include religious, private or governmental institutions, elder care, owner-occupied or rentable commercial trade spaces, light industrial, light manufacturing and many other flexible uses.
A great opportunity for a growing business, church, private school, nursing home or other organization to purchase this well-maintained and multi-functional property.
· Main building, (1967) with recent additions and remodels in 2000 and 2012, features over 217,500 SF including 3 commercial kitchens, 7 large shop areas, large front reception area, over 50 class and multi-purpose rooms, 13 bathrooms, large cafeteria, and many private offices and other spaces.
· Adult Education building (1993) features 13,376 square feet with front reception offices, 13 large and small class and multi-purpose rooms, and 2 bathrooms.
· 4-acre fresh water pond
· Fiber Optic, Public Water & Natural Gas
· Geothermal HVAC with closed loop vertical well system (2012)
· 2 steel storage and maintenance buildings built in 1975/79 with 12,250 total SF
· Over 7 acres of asphalt parking and driveways
· Located in Xenia Township and adjacent to City of Fairborn for future annexation potential
· Current Zoning: IG (Institutional & Governmental District)