806,000±SF Industrial Building on 34± Acres in Chester, SC (Chester County)
LENDER FORECLOSURE perfected September 2nd, 2010, going straight to auction. On 34 Acres, interior clearance up to 22 feet. 31 dock doors, 2 drive in doors, FULLY SPRINKLERED, 19,000±SF office space. Sold in cooperation with Grubb & Ellis.
Auction Location
Sold for $880,000
LENDER OWNED AUCTION
806,000+- SF INDUSTRIAL BUILDING ON 34+- ACRES
648 Wilson Street, Chester, SC 29706
SELLING ON THE PREMISES
Formerly Listed At $7.9 Million, Minimum Bid $1.8 Million
Thursday, November 11th, 2010 @ 11 AM EST
Auction Management Corporation
SCAL# 3198F
1827 POWERS FERRY ROAD, BLDG. 5
ATLANTA, GA 30339
770-980-9565
www.auctionEbid.com
in cooperation with
The 806,316 SF building, constructed in 1965 with additions and renovations in 1973, 1986, and 1994, consists of four major areas: a 237,000 sf area with 22+- feet of clearance; 332,000 sf with 15+- feet of clearance; 190,000 sf in two levels with 12’ 7” and 12’3” of clearance, respectively; and a 56,610 sf area with 13’ of clearance. The structure is steel-framed with exterior concrete or block walls (most with brick veneer) and interior steel column spacing from 37’ x 24’ to 37’ x 48’. There are 31 dock-high doors and two drive-in doors on the fully-sprinklered building, which contains 19,000 sf of finished office space. The electrical system was extensively vandalized prior to foreclosure in September 2010 and has been partially restored for lighting purposes.
The 34.9 acre irregularly shaped site is landscaped in front and includes 211 parking spaces, adequate trailer turnaround areas, and a strip of undeveloped wooded land.
The property is zoned GC- General Commercial. The Chester County Zoning Ordinance is posted under Documents on our website. Contact Karen Lee at 803-581-0942 or klee@chestercounty.org for zoning questions.
The asset occupies two tax parcels. The larger one is 080-02-01-002-000 which contains 31 acres and one building. The 2009 taxes were 76,303.11. The other tax map no. is 080-02-01-010-000 and it contains 4 acres with 2009 taxes in the amount of 1,317.04.
Duke Power is the electricity provider for the subject property. Chester County Natural Gas is the natural gas provider for the subject property. Chester Metropolitan Service and Chester Sewer District provide the municipal water and sewer services to the property, respectively.
Terms: $50,000 Cashiers Check required to bid, 10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit (of which $50,000 must be cashiers check) payable immediately after the auction, close by January 3rd, 2011.
Inspection: Monday, November 8th 11am-2pm or by appointment.
Closing Attorney: To be announced. Purchaser to pay 50% of Seller’s designated Closing Attorney fees.
Broker Co-Op: See BROKER PARTICIPATION section in website terms for details
For additional property information, auction terms, and contract form, visit www.auctionEbid.com or call Scott Schwartz at 404-550-3490 or Rickey Heaton at 864-350-0323.
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