ABSOLUTE AUCTION – 179 Mini Storage Units & Retail Strip
Income Producing Property on Hwy 301 in Starke, FL. No Reserve!
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Highest Bidder Buys, Regardless of Price!
REAL ESTATE AUCTION
179 Mini Storage Units & Retail Strip
Will be offered in parcels and as a whole
Auction will be held on-site at:
1650 S Walnut St, Starke, FL (fronts Hwy 301)
NEW Auction Date: Wednesday, June 18th - 11AM
This is your opportunity to name your price on a great income producing property! 179 mini storage units (18,380 sf) and a Retail strip on US Hwy 301 in Starke, FL. Mini Storage units have 90%+ occupancy and 2013 Gross Income was $103,997. 6,000 sf Retail strip has 5 units and is currently vacant. 3 of the units are set up with included equipment for a turnkey Pizza Parlor/Restaurant, Beauty Salon and a Nail Salon. Combined former tenants rent for the retail strip is $5,950/month.
Total income potential for this property is $175,000+ per year!
Complete Auction Bidder Packet
BROKER PARTICIPATION INVITED!
Real Estate Terms & Conditions: To register to bid, you must present a Cashier's Check, Certified Check or Cash in the amount of $2,500, made payable to Paul Newell, Attorney, Escrow Account. Winning Bidder must provide the balance of 10% as a Binder Deposit by check immediately after being announced the winning bidder, with the balance due on or before July 18th, 2014. Not subject to financing. 10% Buyer's Premium. Insurable title to the property is guaranteed. Should you not be the successful bidder, your check will be promptly returned to you.
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