BANK ORDERED AUCTION

1724 Holbrook Street, Greensboro (Guilford County) NC   27403

30,000+/- SF Industrial / Office Building on 1.13+/- Acre Lot very close to the Greensboro Coliseum.

SELLING ON SITE! 

PROPERTY DESCRIPTION:  A complex of four attached single story industrial masonry and steel buildings, one with a second story mezzanine, containing approximately 30,000+/- square feet of net leasable area with approximately 3,060+/- square feet (10%) of finished front office area.  The warehouse area has an additional 680+/- square feet of finished office area.  Ceiling clearance is approximately 13.5 feet.  The original building was constructed in 1952 with additions constructed in 1973, 1977, & 1994.  The buildings have a combination of membrane and built-up tar and gravel roofs and four manually operated overhead doors on the building fronts.  The buildings are 100% heated and 83% cooled.  The property is zoned LI, Light Industrial.  There is approximately 200+/- feet of road frontage on Holbrook.

INSPECTION:  Tuesday, February 23rd from 1pm-3pm.  To schedule an appointment, please call Scott Schwartz @ 404-550-3490.

TERMS:  Successful bidder will pay an initial earnest money deposit of ten (10%) percent of the purchase price.  Upon conclusion of the auction, bidder will sign an Auction Real Estate Sales Contract.  The property is being sold “as-is” and must close within 30 days upon acceptance of Auction Real Estate Sales Contract.  Ten (10%) percent earnest money deposit is non-refundable.  Contract is contingent upon purchaser’s ability to obtain insurable title.

CLOSING ATTORNEY:  Purchase is responsible for identifying closing attorney and all related costs to close the transaction.

10% BUYER’S PREMIUM:  A ten (10%) percent buyer’s premium is added to the winning bid to determine the purchase price.