Celebrating 80 Years

Peyronnin Construction Real Estate Auction

by Curran Miller Auction/Realty, Inc.

When

Jul 25, 2017 - 11:00 AM Central

Where

Curran Miller Auction / Realty
1005 E Walnut St,
Evansville, IN 47714

How

Live Auction

Notes

INCOME PRODUCING 33,110 SQUARE FOOT WAREHOUSE, SHOP & OFFICE FOR SALE!

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Conducted By

Curran Miller Auction/Realty, Inc.

1005 E. Walnut
Evansville, IN 47714

Toll Free: (800) 264-0601
Local: (812) 474-6100

http://www.curranmiller.com

Ending Time

Jul 25, 2017 11:00 AM

Auction Listing

Office, Shop and Warehouse

for Sale

Formerly Peyronnin Construction

Real Estate Location: 1901 N Kentucky Ave

Evansville, IN 47711

Simulcast Auction Date: 

Tuesday, July 25th @ 11:00 am

 

Public Showing:

Monday, July 17th from 2:00-4:00 pm

Simulcast Auction Location:

1005 E. Walnut

Evansville, IN 47714

Real Estate:

  • The real estate consists of a 1.83 acre (319.5’ x 250’) lot zoned M-2 improved with a 33,110 sf warehouse and office built in 1940.
  • 5,304 sf of office space used by Peyronnin Construction consists of a reception area with cubicles, 11 offices, a conference room, break room and three restrooms.
  • The warehouse / shop area, which was added in 1972, contains six 14’ overhead doors, 17’ eave height, mezzanine levels, one restroom, several torage rooms and offices, floor drains, air distribution lines, 120 / 240 / 460 & 3 phase electric, motion sensor fluorescent and LED lighting.
  • The warehouse / shop area could be reconfigured to meet the needs of a variety of businesses.
  • The west side of the building is improved with a 130 sf +/- covered dock that provides access to leased spaces.
  • Approximately 8,300 sf is currently leased.
  • Tenant #1, a tenant since 1990, occupies 3,241 sf, which is comprised of warehouse and a 480 sf office.  This tenant pays $850 / month rent, tilities & insurance and their lease expires February 2019.
  • Tenant #2, a tenant since 2016, occupies 5,134 sf, which is comprised of warehouse and a 578 sf office.  This tenant pays $1,283.50 / month rent, utilities, real estate taxes and insurance and their lease expires in August, 2017.
  • Leased spaces have separate utilities.
  • The site offers parking in the two tier lot and on the street.
  • A portion of the building was upgraded from warehouse to light industrial shop in 2010.

Real Estate Preview

 

 

Interior Preview

 

 

   

   

   

 

 

 

Important Auction information

  • The real estate will sell subject to owner’s approval.
  • Internet Bidding: These properties will be offered through a simulcast auction, which allows for real-time, online bidding.  For questions about internet bidding, please contact our office
  • A 7% Buyer’s Premium will be added to the high bid amount to establish the contract purchase price.
  • An earnest money deposit equal to 10% of the contract purchase price will be required on the day of the auction (within 24 hours for online bidders) with the balance due within 45 days of delivery of insurable title to purchaser. 
  • The purchaser will assume the real estate taxes due & payable in May 2018. 
  • The real estate is selling subject to current tenants' rights and rents will be prorated to date of final closing.
  • Any fee charged by a title company to close the transaction will be split evenly between buyer and seller.

• A 7% Buyer’s Premium will be added to the high bid amount to establish the contract purchase price.
• An earnest money deposit equal to 10% of the contract purchase price will be required within 24 hours of auction completion with the balance due within 45 days of delivery of insurable title to purchaser.
• Rents will be prorated to the date of final closing.
• The purchaser will assume the real estate taxes due & payable in May 2018.
• Any fee charged by a title company to close the transaction will be split evenly between buyer and seller.
• Internet Bidding: This property will be offered through a simulcast auction, which allows for real-time, online bidding. For questions about internet bidding, please contact our office