ABSOLUTE AUCTION! Office/Warehouse in Derby, KS

Industrial for Sale
Sale Pending
Catylist Listing ID: 30652317
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Status: Pending
Building Size (RSF): 19,530 SF
Gross Land Area: 40,600 SF
Sale Price: See Agent
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Type: Absolute
Cap Rate: Undisclosed
Last Updated: 10/24/2020

Overview / Comments

ABSOLUTE AUCTION, NO MINIMUM, NO RESERVE!
Online Bidding Only.
OFFICE/WAREHOUSE, AMPLE OVERHEAD DOORS AND CEILING HEIGHT, GREAT LOCATION, INVESTMENT OPPORTUNITY. This property includes two buildings being sold as one parcel. The total building size is 19,530 +/- SF. The South Building (449 N Water) was built in 1973 and includes 7,200 SF of warehouse and 1,380 SF of office space totaling 8,580 SF. The warehouse features gas heat and insulation, 11 overhead doors 10ft wide x 8ft tall, 10ft ceiling height. The office area includes a kitchen break room, reception area, conference area and 3 private offices. The North Building (455 N Water) was built in 1998. This building consists of 10,950 +/- SF of warehouse space. It features some heat and insulation, 18' ceiling height and 7 overhead doors ranging in 12-15 feet heights. The property is being offered at auction Online Only. Bidding is open and closes on Friday, October 23rd at 11:30AM. Bidding will remain open until 1 minute has passed without receiving an acceptable bid. There is a 10% buyers premium that will be added to your final bid price. The sale is Absolute with No Reserve. Sale is as is, where is with no contingencies. At the conclusion of the auction, the successful bidder will be required to deposit $25,000.00 as earnest deposit and sign a purchase contract. Closing will occur on or before November 24th, 2020. Bidder packets will be available.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087241120210300300A
Total Number of Buildings: 2
Zoning Description: M-1 Industrial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,038 25,433 65,974
Median Age: 34.98 37.27 35.24
Households: 2,025 9,647 24,393
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