Sunrise to Hold Real Estate Auction February 6, 2020

Sunrise Cooperative, Inc. to hold real estate auction in February. The Wendt Group will be handling all auctions. Auction will be held on Thursday, February 6, 2020 at 10:00 am. 

Two open houses will be held for prospective buyers to come tour the location: Tuesday, January 14 and Thursday, January 23 from 10:30 a.m. – 12:30 p.m.

AUCTION & PROPERTY LOCATION: 601 LOGAN STREET, WAPAKONETA, OHIO 45895

From US-33, take the Hardin Pike/Wapakoneta Exit 36. Turn left onto Hardin Pike/Blackhoof Street and travel north for approximately ½ mile. Turn left (west) onto Plum Street and travel a short distance to the facility on the right.

AUCTION HELD ON SITE. 
3.5± ACRES WITH OFFICE BUILDINGS, WAREHOUSES, AND GRAIN FACILITY

To see the full property listing click here.

BUILDING A: 90’X70’ OFFICE BUILDING

6,300± sq. ft. of modern, clean, updated office space with an organized floor plan. This office building boasts an inviting, well-lit reception area with built-in counter and workspace; 3 restrooms (one with a shower); large conference room; fireproof walk-in records room; large clerical work area with a separate climate-controlled IT area; breakroom with double sink, dishwasher, and spacious built-in cabinet and counter area; custom oak trim and several built-in oak upgrades. Located in front of Building A is a 10’x45’ drive-on scale with Inter Systems hydraulic probe, sample control, and Load Master scale display.

Building Breakdown:

• Reception Area – 23’x18’ (includes counter and work surface)
• Conference Room – 27’x16’
• Clerical Work Area – 31’x22’
• Records Storage Room – 19’x8’ (includes Master Safe fireproof door and block wall)
• HVAC/Electrical Room – 17’x12’
• Breakroom – 16’x9’
• Office # 1 – 16’x10’
• Office # 2 – 15’x11’
• Office # 3 – 16’x12’
• Office # 4 – 16’x9’
• Office # 5 – 16’x9’
• Office # 6 – 16’x9’
• Office # 7 – 16’x14’
• Office # 8 – 16’x10’
• Office # 9 – 21’x10’
• Office # 10 – 16’x9’
• Office # 11 – 16’x10’
• (3) Restrooms

HVAC System:

• (2) Rheem Classic 90 Plus natural-gas furnaces (newer)
• (1) Lenox natural-gas furnace
• Central Air

Electrical System:

• Panel 1 – 240/120 volt, 3-phase, 4-wire
• Panel 2 – 400-amp, 240/120 volt, 3-phase, 4-wire
• (2) sub panels – 100-amp and 200-amp

BUILDING B: 120’X40’ WAREHOUSE/
MULTI-PURPOSE BUILDING

Spacious concrete-floored warehouse building with over-hang. This updated structure includes (4) 14’x14’ overhead doors with separate openers; (1) 23’x14’ slider; (2) 10’ sliders; and (2) walk-in doors.

 

BUILDING C: 115’X60’ WAREHOUSE/MULTI-PURPOSE BUILDING

Steel-framed building with concrete floor as well as 4’ concrete side walls. This multi-functional structure is an asset for grain storage or is suited for many other purposes. It includes (2) 18’x14’ overhead doors and a walk-in door.
 

BUILDING D: 60’X30’ WAREHOUSE/MULTI-PURPOSE BUILDING

This very unique building offers a great deal of character and would lend itself to many uses.
With some attention it could be used as a separate private office or would be a great location for a retail business. It includes 2 floors, a partial basement, a 10’x12’ overhead door, and a walk-in door.

BUILDING E: 48’X30’ WAREHOUSE/
MULTI-PURPOSE BUILDING

Totally insulated building with electric heater. This quality building could be utilized as storage, office space, retail, or repair/workshop. It includes a 10’x12’ overhead door and a walk-in door.

GRAIN FACILITY:

 

REAL ESTATE TERMS & CONDITIONS

RESTRICTIVE COVENANTS:

A. The Property shall not be used for:

1. The sale, either retail or wholesale, of propane or agricultural products of any kind including, but not limited to, seeds, chemicals, or liquid or dry fertilizers;
2. The production or sale, either retail or wholesale, of animal feed of any kind;
3. The sale, either retail or wholesale, of any type of grain that is governed by the Ohio Department of Agriculture or any successor agency; or
4. The storage of grain for a fee.

B. Any grain storage improvements on the Property, now existing or built in the future, shall not be subdivided or developed into condominiums to be sold for grain storage. 

PROCEDURE: The property will be offered at oral auction as a total 3.5± acre unit.

DOWN PAYMENT: A $10,000 down payment is required on the day of the auction. The down payment may be made in the form of cashier’s check, personal check, or personal check. Ohio Law states that the down payment must be deposited in the Broker’s non-interest-bearing trust account within 24-48 hours after receipt of such funds. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING (IF NEEDED) AND ARE CAPABLE OF PAYING CASH AT CLOSING.

ABSOLUTE AUCTION: The real estate is selling at absolute auction, without reserve, and will be sold to the high bidder, regardless of price. Successful bidder will be required to enter into purchase agreement at the auction site immediately following the close of the auction.

EVIDENCE OF TITLE: The Seller will provide a preliminary opinion of title to be made available to prospective bidders for review prior to bidding. If any buyer elects to purchase title insurance, the cost thereof will be at such buyer’s sole expense. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold “AS IS”.

DEED: Appropriate deed will be delivered at closing.

CLOSING: Closing will take place on or before 45 days after auction date, or as soon thereafter as applicable closing documents are completed.

REAL ESTATE TAXES: Real estate taxes will be pro-rated to the day of closing.

POSSESSION: Possession at closing.

ACREAGE: All boundaries are approximate and have been estimated based on aerial sketches.

SURVEY: A new perimeter survey will be completed only if necessary for the closing. The Seller will determine any need for a new survey and will order survey. The cost of the new survey, if necessary, will be shared equally between Buyer and Seller. The type of survey performed will be at Seller’s option and sufficient for the closing.

EASEMENTS: Sale of the property is subject to any and all easements of record.

AGENCY: The Wendt Group and its representatives are exclusive agents of 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 Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Auctioneer reserves the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

INFORMATION/INSPECTION DATES:

• Tuesday, January 14th · 10:30 AM- 12:30 PM
• Thursday, January 23rd · 10:30 AM-12:30 PM

Phase I Environmental Assessment available online at www.thewendtgroup.com