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SOLD IN 3 WEEKS AND 10 MINUTES! One of Two Ideal Commercial Locations! (1) 5150 Keele St. Jackson, MS * ONE SELLING ABSOLUTE - YOU TELL US WHICH ONE! This is the sale you have been waiting for!

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Brief Description

BUYER'S CHOICE! Selling 2 Commercial Properties -ONE WILL SELL REGARDLESS OF PRICE! Excellent Opportunity for Investor or End User! This property is 6,380 sf.

Auction Schedule

Live On-Site Auction

Began: 04/10/08 at 12:00 PM MDT

Inspection

Began: 03/31/08 at 12:00 PM MDT

Ended: 03/31/08 at 1:00 PM MDT

Inspection

Began: 04/07/08 at 12:00 PM MDT

Ended: 04/07/08 at 1:00 PM MDT

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Details

Seller currently occupies +/- 40% of the building and would like to remain and lease that portion if an agreement could be negotiated with buyer.  Good news is - if the new owner is interested, we already have your first tenant!  If new owner has plans for entire building, of course sellers will move.

This building was built in 1975 and both the building and parking lot have been kept in wonderful shape.

Utilities - lights, gas & water - run an average of $2,721 annually or $226.75 monthly.

Properties in this area are leasing for $10.00 sf.  This building is 6,380 sf.  Therefore, at that rate, the annual income earned on the leasing of this building would be $63,800.00.

                See you at the Open House April 7 from 12:00 noon - 1:00 PM! 

ATTENTION OWNER OCCUPANT!
90% LTC LOAN PROGRAM ON THIS PROPERTY!
UP TO 25 YEAR AMORTIZATION!
BELOW MARKET FIXED RATES!
NO BALLOON!
VISIT www.mscommercialcapital.com for details. 
 

 

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Auction Terms

                                                REAL ESTATE TERMS AND CONDITIONS

BLUE SKY AUCTIONS, LLC

KELLY HOGUE, AUCTIONEER

REGISTRATION: In order to obtain a bidder’s number, you must present a valid driver’s license and a cashier’s check in the amount of $10,000.000. (We do not take these up, you simply show the certified funds to register to bid.) This cashier's check will be made payable to yourself.  If you are the successful bidder, you will simply sign it over to the auction company and we in turn sign it over to the closing attorney to be held as earnest money in escrow until closing.  If you are not the high bidder, the cashier's check is in your name and your possession to do with as you will.  We receive this question often and it is important that you understand that it does not cost money to register to bid, the cashier's check will stay in your possession and you only need to show it at registration in order it to register to bid.

REAL ESTATE TERMS: The high bidder will be required to place a non-refundable bid deposit of $10,000.00, which will be held as earnest money in escrow until closing and will then be credited to the buyer as part of the purchase price of the property. The successful bidder must sign the real estate contract immediately upon conclusion of the bidding with the closing to take place within 30 days from the date of the auction. The entire purchase price must be paid by cashier’s check or certified check, or wired funds at closing. No purchase shall be contingent on financing or any other contingencies. Buyer is entitled to and the seller will provide a deed marketable title for property upon full payment.  All property not advertised or announced to be "absolute" is sold subject to seller confirmation. 

CONDITION OF PROPERTY: Property is sold "AS IS, WHERE IS" condition and neither Kelly Hogue, auctioneer of Blue Sky Auctions, LLC, the sellers, nor their representatives, agents, or employees make express or implied warranties or representations of any kind.

QUESTIONS: Questions will be entertained only prior to the commencement of the Auction proceedings. Please see a bid assistant for questions during the sale itself. If any dispute arises between or among bidders, the decision of the Auctioneer shall be final and absolute.

BUYER’S PREMIUM: A buyer’s premium of 10% will be added to the high bid to determine the total price for the real estate.

DISCLAIMER: Announcements made at the auction supersede all printed material or any oral statements made by anyone employed by, representing, or associated with Blue Sky Auctions, LLC. All information included herein was derived from sources believed to be correct, but is not guaranteed.

WE ASSUME BY YOUR ATTENDANCE AND PARTICIPATION IN THIS AUCTION THAT YOU HAVE REVIEWED ALL AVAILABLE MATERIALS AND ARE PREPARED TO PURCHASE THE PROPERTY UNDER THESE TERMS AND CONDITIONS.

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Blue Sky Auctions LLC

http://auctionbluesky.com

133 Executive Dr., Suite C Madison, MS 39110

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AuctionServices
KELLY HOGUE
133 Executive Dr., Suite C, Madison, MS 39110
(601) 209-3291 or (601) 853-0682