COMMERCIAL REAL ESTATE AUCTION

OTTUMWA, IOWA
Located in the Ottumwa Regional Airport Industrial Park at 14706 2^nd Avenue.  Directly across from the airport terminal.

Bidding Opens: Monday July 5th       
Bidding Closes: Monday, July 12, 2021 at 4PM

Open House on Monday, June 28^th from 4-5PM

118’x130’ Commercial Building on 1.23 Acres M/L

Looking for a place to expand your business?  Don’t miss this chance at a large building that offers, office space, heated workshop & plenty of storage space.  This building could accommodate your manufacturing, business or storage needs.

• 118’x130’ building is divided into four spaces. 
• Office space with conference room, break room, storage room, locker room w/ shower & restrooms.  Office has forced air & wood furnace heat.
• Steel lined heated shop w/ trench floor drain & (2) 12’x14’ overhead doors.  Shop has hanging heater & wood furnace supplement heat.
• Large storage area w/ trench floor drain & (2) 14’x14’ overhead doors.
• Storage area w/ trench floor drain, freight dock & (2) 12’x14’ overhead doors.
• Metal roof is approx.. 14 years old.
• Property has underground fuel tank (condition unknown).
• Zoned I-2 Heavy Industrial.
• City Utilities, Alliant Energy electric, MidAmerican gas.
• 3 phase electric service w/ single phase converter.

Not included: Air compressor, Pallet racking, Security system, Pool table, Pool table light, All attached & unattached equipment & shelving.
Included: Outdoor wood furnace, 3 phase to single phase converter, (2) pallets of drain grating, Window A/C unit, Any item present on the day of final settlement.

Terms:10% down payment on July 12, 2021.  Balance due at closing with a projected date of August 26, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of August 26, 2021.
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Real Estate Taxes – Tax Parcel 007252340774030
Gross                          $1,138.90
Bus. Prop Credit     ($441.97)
Net                        $696.00 (Rounded)

City of Ottumwa Airport Service Fee:$751.82
City provides police, fire, street lighting and street maintenance, street cleaning and street snow removal.

Special Provisions:

• This online auction will have a 5% buyer’s premium.  This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• If in the future a site clean-up is required, it shall be at the expense of the Buyer.
• The Buyer acknowledges that Buyer has carefully and thoroughly inspected the real estate and is familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the condition of the real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Check out the lineup of Fabrication Equipment on this Timed Online Event. Click here for more details! 

Owner:  Specialty Fabrication, LLC
David D. Dixon – Attorney for Seller

TERMS: As with any auction all items sell as-is with no guarantees or warranties of any type. Descriptions, photos and statements made or offered by sellers or auction staff are deemed correct but are not guaranteed. You are responsible for your own physical inspections, due diligence and any bids placed.