Auction 20,400 Square Foot Office Building in Charlotte.

Auction Listing

AUCTION

20,400+/-Sq. Ft.
Income Producing or End User
Office Building

Tuesday, August 23, 2011 – 11 a.m.

Charlotte, NC - Mecklenburg County

Selling Regardless of Price Excess of $49.00 Per Sq. Ft.

Tax Value - $2,088,200.00

Click Here to View Photos
Click Here to Register & Bid

Auction Location: On site at 2750 East WT Harris Boulevard, Charlotte, NC. From Downtown Charlotte, NC, take I-85 East to WT Harris Boulevard Exit. Turn right & property is approximately 3 miles on right.

Gated, 2-Story, 20,400+/-Sq. Ft. Office Building on 1.6+/-Acres

Located at 2750 East WT Harris Boulevard in Charlotte, NC
in University Commons Business Park at Signalized Intersection

Has Elevator & Loading Dock with Drive-in Door
Metal Roof, Brick Exterior, (2) Kitchens

92 Parking Spaces

Class A Office Building Located just South of the University of Charlotte, Built in 1997

Subject to a 10ft Utility Easement

Can be Used for Investment or an End User

Currently has 5 Different Tenants that Occupy about 50% of Property

All Tenants, Except for Charlotte Mecklenburg Board of Education, Leases can be Terminated or Tenant Moved

Tenants:

Charlotte Mecklenburg Board of Education, July 2007-May 2012, $98,907.55 Per Year

Promising Youth Inc, June 2009-May 2012, $8,400.00 Per Year with 4% Yearly Increase
Tax Express, May 2009-April 2013, $12,000.00 Per Year with 3% Yearly Increase
Cornerstone Construction Inc, July 2011-June 2012, $3,960.00 Per Year
Prosperity Mortgage, Month-to-Month, $373.00 Per Month

Parcel/10502143
Deed Book 9786 at Page 404

Inspections: Thursday, August 11 & Thursday, August 18 from 12 noon - 4 p.m. & Tuesday, August 23 from 9 a.m. - 11 a.m. or by appointment. Call Sonny at 704.200.3201 to schedule an appointment.

Terms: Selling AS/IS, WHERE/IS. A 20% deposit due at the auction by cash, cashier’s check, personal or company check accompanied by a Bank Letter of Guarantee, with the balance due at closing. A 7% buyer’s premium will apply. Conditions – All information contained herein is deemed to be from reliable sources. However, neither the Auctioneer nor the Seller guarantees this information to be correct. We reserve the right to add or delete. Please inspect the property and bid accordingly. The Auctioneer represents the Seller in this transaction. All announcements made at the auction shall take precedence over all other information.

Pre Auction Offers Entertained - Broker Participation Invited

Iron Horse Auction Company, Inc.

PO Box 1267-Rockingham, NC 28380

800-997-2248 – NCAL 3936

www.ironhorseauction.com

View Information