292,457± SF Industrial Building
Shelby County, Alabama
Sold at Auction Thursday, April 30, 1:00 P.M. CST

 
 
 
 
 

Columbiana, Alabama benefits from a temperate climate, access to major North-South and East- West Interstates and a low cost of doing business. Shelby County is the fastest growing county in the State of Alabama and provides progressive and transparent local government.

The property being offered for sale generated significant income and provided jobs to the local economy for many years and, with the right new owner, can do so again.

A portion of the building is leased to Grede II LLC, Columbiana Division for storage. This is a month-to-month lease at $850 per month. The new owner can keep the tenant or require them to move on 30 day notice.

If you or your company are looking for a large space that can be bought at a price that leaves room for alterations to suit your use, this is it! The sellers have made it clear that they are ready for a new owner for this property. Come look. Give us a call. Do your homework and be ready to bid on site on Thursday, April 30, 2015 at 1:00 p.m.

The owners are motivated resulting in a once of a lifetime opportunity.

ABOUT THE PROPERTY

County:

Shelby

Property Type:

Industrial

Sub Type:

Manufacturing

Parcel (APN):

21 8 27 1 001 015.000, 21 7 26 2 001 009.000, 21 7 26 2 001 058.010

Status:

Existing

Year Built:

1960-1990s

Building Size:

292,457 ± SF

Land Area:

9.05 ± AC (394,218 ± SF)

Ceiling Height:

14’0’-30’0

Construction:

Steel and masonry

Loading:

Dock high and drive-in

Dock High Doors:

8

Clear Height:

14

Floors:

1

Zoning:

M-1

Sprinklers:

Wet

Lighting:

Metal Halide

Drive Ins:

2 tot./8’0’w x 10’0’h

Cranes:

-

Parking:

30+ spaces

Grade High Doors:

2

HVAC:

Partially air conditioned

 
ABOUT THE AREA

Excellent location on Highway 70. Good access to Interstate 65.

DIRECTIONS
 
Exit 1-65 at Exit 231, go northeast on 231 to Highway 70. Go right on Highway 70 at traffi c light. Proceed for 7+/- miles to Columbiana. Property will be on right just after railroad crossing. Auction signs and arrows will direct.
 
Auction Terms & Conditions
 

AUCTION LOCATION & TIME: The auction will be held on site at 455 Highway 70, Columbiana, Alabama 35051 on April 30 at 1:00 p.m. CST.

INSPECTION: John Dixon & Associates’ representatives will be on the property April 23 and April 29 from 12:00 p.m. to 2:00 p.m. each day or the day of the auction beginning at 10:00 a.m. CST.

LIVE BIDDING TERMS: Pay 20% down of the purchase price at the auction. Balance will be paid in full at closing to be held within 30 days. A copy of the sale contract may be reviewed prior to the auction by contacting the auctioneer.

ONLINE BIDDING TERMS: The online registration will need to be completed, including credit card information which will be verified and approved, and the credit card will be charged $1.00 for this process. If you are the successful bidder and do not deliver the earnest money as outlined in the terms for live bidding which must be certified funds or wire transfer within 24 hours upon receipt of contract, a charge of $5,000 will be placed on the account. The card is for verification purposes to ensure we have serious bidders. Balance will be paid in full at closing to be held on or before thirty (30) days from the date of the auction. The successful online bidder will be notified immediately following the closing of the auction and issued the purchase contract. The executed contract shall be submitted per the instructions received with the contract. If you have any questions, you may contact our online auction manager, Brad Davis, by email or call 800.479.1763.

BROKER PARTICIPATION: A 2% commission of the high bid, before adding buyer’s premium, will be paid to any qualified licensed real estate broker in the state where the property is located whose prospect is the successful bidder at the auction and closes on the property. To qualify for a commission, the broker must first register the prospect by email or fax the prospect’s name and address on John Dixon & Associates’ broker registration form. The registration must include the signature of the prospective purchaser, the signature of the broker and the broker’s real estate license number. The registration must be received at 200 Cobb Parkway North, Suite 120, Marietta, GA 30062-3585, Attention: Shelly Todd at shelly@johndixon.com, no later than 4:00 p.m. eastern time on the business day preceding the auction. Broker registration may be faxed to 770.425.4413 UNDER NO CIRCUMSTANCES WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION. In addition, to qualify for a commission, the broker must attend the auction with the prospect. Commissions will be paid only if property closes. A commission on a property will be paid only to the first broker registering a prospect. 
 
EQUIPMENT: Any equipment in the building belonging to Seller at the time of the sale will be conveyed to Purchaser at time of sale.

AUCTIONEER’S AUTHORITY: The auctioneer shall make the sole and fi nal decision as to the winning high bid amount. Acceptance by the online bidding platform does not necessarily constitute an accepted bid by the auctioneer.

BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid. Example: For each $10,000, a 10% buyer’s premium of $1,000 will be added to arrive at the total purchase price of $11,000.

CLOSING: Balance of the purchase price is due in 30 days, on or before Friday, May 29, 2015.

CLOSING ATTORNEY: Closing conducted by Robert R. Sexton, Maynard Cooper and Gale of Birmingham, Alabama (205.254.1032). Deed preparation and attorney’s fees for conducting the closing will be paid by the purchaser. Title insurance will be available at Purchaser’s expense.

AGENCY: John Dixon & Associates auctioneer/ broker, is acting exclusively as agents for the seller.

SPECIAL NOTE: Property is selling “as-is, where- is” with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed by a current survey or an inspection of the property or contained in public records. The only representation and warranties made are those contained in the Contract of Sale. Seller reserves the right to add or delete property and/or cancel the sale. Property will be conveyed by Statutory Warranty Deed. Information contained herein was obtained by sources deemed reliable. The property will sell “as-is, -where-is” with no warranty, express or implied, as to improvements, soil conditions, environmental and wetlands or zoning. Although every precaution has been taken to ensure accuracy, neither the seller, John Dixon & Associates, nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. The terms of the Contract of Sale are controlling in the event of any perceived inconsistency between its terms and any statements in this brochure or other advertisement. Announcements made at the auction will take precedence over written matters.

 
 
AL: 1481
Accredited Auctioneer Real Estate aNAA Education Institute Auctioneers Association of North Carolina CCIM Institute Florida Auctioneers Association Georgia Auctioneers Association National Auctioneers Association Realtor.com
John Dixon & Associates© 2019 All Rights Reserved - Website Design by GEORGIAHOSTING.NET NETWORK LOGON