51462_20 Parcels - Hanna Commercial Real Estate

BIDDER INFORMATION PACKETS FOR OCTOBER 25, 2005 AUCTION
Gordon Greene, Ohio R.E. Broker & Auctioneer
Please fill in all information on the form below. Enclose check payable to Chartwell Group, LLC in the full amount for the packet(s) requested and
mail to Matt King, Chartwell Group, 4630 Richmond Rd., Ste. 240, Cleveland, OH 44128 or fill in your Visa/ MasterCard number and Fax to
Chartwell Group, LLC at 216-360-0395, Attention: Matt King. The Packet Contains: (1) Disclaimer and Agency Disclosure; (2) Auction Information;
(3) Property Information; (4) Purchase & Sale Agreement; (5) Site Plans; (6) Financing Programs; (7) Terms of Sale; (8)Other information
applicable to certain properties
QUANTITY
Presorted
First Class Mail
U.S. Postage PAID
Marietta, GA
Permit #1167
Chartwell Group, LLC
4630 Richmond Road, Suite 240
Cleveland, OH 44128
Telephone (216) 360-0009
Fax (216) 360-0395
TOTAL
Single Family Homes, Lots and Duplexes -------------------------------- $25 per packet
Office and Industrial Properties -------------------------------------------- $25 per packet
Shipping & Handling -------------------------------------------------------------$5 per packet
2. Apartment Properties in Elyria and Cleveland from 6 to 18 units.
TOTAL
11115 Governor, Cleveland, OH
Two Story 6 Unit Apartment Building
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TERMS OF SALE FOR REAL ESTATE AUCTION, OCTOBER 25, 2005
AUCTION FORMAT. All bidding is open and public. To bid during the auction, you need
to raise your hand, shout out your bid or instruct an Auctioneer’s Assistant to call out your
bid for you.
CLOSING DATE. Each sale will close on or before December 10, 2005, at the Offices of
Benchmark Title Company, 250 West Street, Columbus, OH, 43216 at which time Purchaser
shall pay the balance of the purchase price. Time is of the essence.
BIDDER INFORMATION PACKETS: Bidder Information Packets have been prepared for
the properties and must be purchased in order to Bid at the Auction. They are available for
$25.00 each. Shipping for each packet via U.S Mail is $5.00. They can be purchased by
calling 216-360-0009 or by faxing the Bidders packet Order Form to 216-360-0395, at all
open houses, or at the Off site due diligence seminar on October 13 at 7:30 P.M. Each
Packet contains a sample purchase and sale agreement for review, extensive property
information and pertinent auction information.
BUYER’S PREMIUM. This sale at auction will provide that the Purchaser pay to the Seller
as part of the total purchase price a premium (fee) equal to six percent (6%).
The buyer’s premium will be added to the high bid or offer price in the Real Estate Purchase
Agreement to determine the Total Purchase Price paid to Seller at closing. Financing, if any,
is calculated on the Total Purchase Price.
ATTORNEY REVIEW RECOMMENDED. All information contained in this brochure and all
other auction-related material, such as the Packet, should be carefully reviewed by an
attorney prior to the auction and is subject to, and may be superseded by: (1) the Real Estate
Purchase Agreement to be signed at the auction, as well as by (2) announcements made
from the podium prior to the commencement of bidding.
AUCTION REGISTRATION. All parties seeking to bid on the properties at the auction must
sign in at the registration table and show the possession of the required cashier’s or certified
check. All bidders will be required to sign a statement (“Bidder’s Statement”) prior to
commencement of bidding that the bidder has inspected the property and sale documents.
REQUIREMENTS OF THE HIGH BIDDER. The High Bidder on any property will be
required to immediately tender the required cashier’s or certified check as initial earnest
money made payable to Benchmark Title Company, and sign the Real Estate Purchase
Agreement. The high bidder must increase his initial earnest money deposit to 6% for the
single family homes, duplexes and home lots (Parcel #’s 1-16) and 8% of the total purchase
price for the apartment buildings and commercial buildings (Parcel #’s 17-20) by 12:00
Noon, Tuesday November 1st at the offices of Benchmark Title Company.
AUCTION REGISTRATION. All Properties are offered with reserve and are subject to
acceptance by receiver and approval of Court in Cuyahoga County Common Pleas Court
Case No. 04-548887. All high bidders who have bid on properties will be notified at the
auction or in writing if accepted by receiver. Each accepted offer is subject to issuance of a
final appealable Court Order and expiration of appellate period.
FINANCING. Excellent financing is being offered through Charter One Bank and Home
Savings on certain properties to qualified buyers. For details, please refer to the financing
section of the Bidder's Information Packet.
Tuesday, October 25 – 7:30 P.M. • Cleveland Airport Marriott
Court Appointed Receiver Directs Immediate Sale!
1. Single-family homes and home lots in N. Royalton, N. Olmsted, Westlake,
Parma, Brookpark, Rocky River, Garfield Heights, Lorain, Cleveland,
Maple Heights, and Brooklyn.
Apartment Buildings ------------------------------------------------------------ $25 per packet
Name:
Real Estate Auction
CONDITION OF THE PROPERTY. Each property is being sold AS-IS. Your complete
inspection of the property by your experts prior to the auction is encouraged. Parties
inspecting properties assume all risks.
CONDUCT OF THE AUCTION. Neither Seller, nor Auctioneer is permitted to bid at the
auction. Conduct of the auction and increments of bidding are at the direction and
discretion of the Auctioneer. Announcements made from the podium supersede printed
material. Auction is open to registered bidders and invited guests. In the event of a dispute
between bidders, the Auctioneer shall make the final decision to accept the final bid, to reoffer and re-sell the property, or to remove the property from the auction. If any disputes
should arise following the auction, the Auctioneer’s records shall be conclusive.
AGENCY DISCLOSURE. Chartwell Group, LLC, Gordon Greene (“Brokers/ Auctioneer(s)”)
and all parties associated with Brokers/Auctioneers, represent the Seller in these sales.
AUCTION DATE & LOCATION. The Auction will begin at 7:30 P.M. on October 25, 2005.
With registration beginning at 6:30 P.M. at the Cleveland Airport Marriott, 4277 West 150th
Street, Cleveland, OH 44135. Parking is available. Arrangements with the hotel can be
made at 216-252-5333
3. 25,000 Sq.Ft. Office Building in Middleburg Heights, and a 18,900
Sq.Ft. Industrial Building in Midtown Cleveland.
Cleveland Area Receiver Directed
Real Estate Auction
Tuesday, October 25, 2005 7:30 P.M.
Cleveland Airport Marriott Hotel
4277 West 150th Street
Cleveland, OH 44135
BUY AT YOUR PRICE!
7850 Freeway Circle, Middleburg Heights, Ohio
25,000 Sq. Ft., Alan Office Building
12660 Pebblebrook Trail, North Royalton, Ohio
1,729 Sq. Ft., 3 Bedrooms, 2 Bath Ranch
Court Appointed Receiver Directs Immediate Sale!
AUCTION DATE & LOCATION. The Auction will begin at 7:30 P.M. on
October 25, 2005. With registration beginning at 6:30 P.M. at the
Cleveland Airport Marriott, 4277 West 150th Street, Cleveland, OH 44135.
Parking is available. Arrangements with the hotel can be made at 1-216252-5333.
CASHIER’S CHECK REQUIRED TO BID. A Cashier’s Check in the
amount listed in the brochure payable to Benchmark Title Company is
required for each property, and will be used as Earnest Money for each
property purchased at auction.
1. Single-family homes and home lots in N. Royalton, N. Olmsted, Westlake,
Parma, Brookpark, Rocky River, Garfield Heights, Lorain, Cleveland,
Maple Heights, and Brooklyn.
TITLE COMPANY & ESCROW AGENT. Benchmark Title Company, 250 West
Street, Columbus, OH 43216, will be Escrow Agent issuing Title Insurance
through Commonwealth Land Title Co. Escrow Officer is Mr. Herb Godby at
614-462-2240. Please obtain a Bidder’s Packet for more information.
2. Apartment Properties in Elyria and Cleveland from 6 to 18 units.
FINANCING. Financing on Single-Family Homes & Duplexes is available
to qualified buyers through Charter One Bank. Please contact Julie
Rutkowski at 440-331-3530 on Charter One Programs. Financing for
Apartment Buildings is available to qualified buyers through Home
Savings. Please contact Ken Wayton at 216-765-4347. For more details,
please refer to the financing section of the Bidder’s Information Packet.
BIDDER INFORMATION PACKETS: Bidder Information Packets are
required for Bidding at the Auction. There are three types of packets, a
Residential packet containing information on the single-family homes,
lots, and duplexes, a Commercial packet with Information regarding the
office and industrial properties, and a packet containing information
regarding the Apartment Buildings. They are available for $25.00 each.
Shipping for each packet via U.S. Mail is $5.00. They can be purchased by
calling 216-360-0009 or by faxing the Bidders packet Order Form to 216360-0395 and can also be purchased at the Off-Site Due Diligence seminar
on Thursday October 13th at 7:30 P.M or at each open house. Each Packet
contains a sample purchase and sale agreement for review, extensive
property information and pertinent auction information.
CLOSING. Each sale will close on or about December 10, 2005, at the
Offices of Benchmark Title Company, 250 West Street, Columbus, OH,
43216 at which time Purchaser shall pay the balance of the purchase price.
Time is of the essence.
FURTHER INFORMATION. All information for this auction and other
TCN Worldwide Chartwell Group Auctions are available at
www.chartwellgroup.com or please contact Matthew King 216-839-2019 or
mking@chartwellgroup.com.
Real Estate Auction
Tuesday, October 25 – 7:30 P.M. • Cleveland Airport Marriott
3. 25,000 Sq.Ft. Office Building in Middleburg Heights, and a 18,900
Sq.Ft. Industrial Building in Midtown Cleveland.
DISCLAIMER: The information contained herein is subject to inspection and verification
by all parties relying on it. This sale is being conducted subject to the Terms of Sale and the
Real Estate Purchase Agreement. No liability for its inaccuracy, errors or omissions is
assumed by the seller or auctioneer. ALL ACREAGE, SQUARE FOOTAGE, AND DIMENSIONS ARE APPROXIMATE. This offering may be withdrawn, modified, or canceled
without notice at any time. Each property is subject to prior sale. This is not a solicitation
or offering to residents of any state or jurisdiction where prohibited by law.
CHARTWELL GROUP, LLC / CHARTWELL AUCTIONS
1791 East 38th Street, Cleveland, OH
A 2-Story 18,900 Sq. Ft. industrial building
13305 Rockside Road, Garfield Heights, OH
1,234 Sq. Ft., 3 Bedroom, 1 Bath Victorian
Gordon Greene / OH R.E. Broker & Auctioneer
Telephone (216) 360-0009 / Fax (216) 360-0395
Apartment Buildings
Parcel 3
Parcel 1
12660 Pebblebrook Trail • North Royalton, Ohio
This all-brick ranch home boasts three
bedrooms, two baths, two-car attached garage,
central A/C, sits on a .37 acre wooded lot,
1,729 Sq. Ft. and has excellent schools.
RE Taxes:
$3,566.44
OPENING BID:
$100,000
Cashier’s Check Req To bid: $8,000
Open House Dates: Saturdays October 8, 15
& 22, 4-5:30 P.M.
Parcel 2
4195 Clague Road • North Olmsted, Ohio
1,218 Sq. Ft. Ranch set on .23 acres on a quiet,
tree lined street. With two bedrooms, one and
half Baths, full-finished basement. Excellent
school district. This house is currently rented
for $950/mo on a month to month lease.
RE Taxes:
$2,278
OPENING BID:
$60,000
Cashier’s Check Req To bid: $6,000
Open House Dates: Saturdays October 8, 15
& 22, 2-3:30 P.M.
13201 Liberty Ave.
Cleveland, Ohio
Three bedroom, one bath, two-car detached garage,
full basement, fireplace, central A/C. This two-story,
1,152 Sq. Ft. home sits on .11 acres and is currently
rented for $725/mo on a month to month lease.
RE Taxes:
$1,759.56
OPENING BID:
$42,500
Cashier’s Check Req To bid: $5,000
Open House Dates: Saturdays October 8, 15
& 22, 12:30-2:00 P.M.
Parcel 12
Parcel 10
Parcel 11
13305 Rockside Road • Garfield Heights, Ohio
Spacious Victorian Three Bedroom, One Bath,
Detached Garage, Full Basement, 1,234 Sq. Ft. on
.11 acres. Currently rented for $775/mo on a
month to month lease.
RE Taxes:
$1,944.60
OPENING BID:
$40,000
Cashier’s Check Req To bid: $5,000
Open House Dates: Saturdays October 8, 15
& 22, 12:30-2:00 P.M.
5324 East 141st Street • Maple Heights, Ohio
Three Bedrooms, One Bathroom Ranch with
Detached Garage, Full Basement. 988 Sq. Ft.
on .17 acres, built in 1956.
RE Taxes:
$1,605.98
OPENING BID:
$48,000
Cashier’s Check Req To bid: $3,000
Open House Dates: Saturdays October 8, 15
& 22, 10:30-12:00 P.M.
6600 Northcliff Avenue • Brooklyn, Ohio
All-Brick Ranch with Three-Bedrooms, One
Bath, Full Basement, Central A/C, Detached
Garage, 1,080 Sq. Ft. on .10 acres.
RE Taxes:
$1,648.36
OPENING BID:
$60,000
Cashier’s Check Req To bid: $5,000
Open House Dates: Saturdays October 8, 15
& 22, 2:30-4:00 P.M.
Duplexes
Parcel 4
4409 Orchard Park Drive • Parma, Ohio
Three bedroom, one and half bath, full
basement with bar on .21 acres. 988 Sq. Ft.
cozy Ranch built in 1954.
RE Taxes:
$1,823.00
OPENING BID:
$57,500
Cashier’s Check Req To bid: $5,000
Open House Dates: Saturdays October 8, 15
& 22, 12-1:30 P.M.
Parcel 5
Parcel 6
1020 Meister Road • Lorain, Ohio
Spacious three bedroom, one and half bath Ranch
with two-car Attached Garage, Central A/C, Full
Basement, Fireplace, 1,478 Sq. Ft. on .20 acres.
RE Taxes:
$1,614.72
OPENING BID:
$60,000
Cashier’s Check Req To bid: $5,000
Open House Dates: Saturdays October 8, 15
& 22, 12-1:30 P.M.
5708 South Nantucket • Lorain, Ohio
2,072 Sq. Ft., Two Bedroom, One and half Bath,
Two-Car Attached Garage, Central A/C, Full
Basement, .15 acres. Built in 1989. Currently rented
for $850/mo on a month to month lease.
RE Taxes:
$1,794.00
OPENING BID:
$72,000
Cashier’s Check Req To bid: $7,000
Open House Dates: Saturdays October 8, 15
& 22, 10-11:30 A.M.
Parcel 7
Parcel 8
Parcel 9
7030 Ridge Road • Parma, Ohio
All-Brick Ranch with Three Bedrooms, Two
Baths, Full Basement, Central A/C, Built in 1956,
Attached Garage, 1,370 Sq. Ft. on .30 acres.
RE Taxes:
$2,699.24
OPENING BID:
$78,000
Cashier’s Check Req To bid: $7,000
Open House Dates: Saturdays October 8, 15
& 22, 2-3:30 P.M.
19475 Shoreland Drive • Rocky River, Ohio
All-Brick Ranch with Three Bedrooms, One Bath,
Detached Garage, Fireplace, Full Basement, Excellent
Schools, 1,075 Sq. Ft. on .l1 acres. Currently rented
for $775/mo on a month to month lease.
RE Taxes:
$2,599.38
OPENING BID:
$74,000
Cashier’s Check Req To bid: $7,000
Open House Dates: Saturdays October 8, 15
& 22, 4-5:30 P.M.
OFF-SITE DUE DILIGENCE MATERIALS MEETINGS: OVERLOOK COURT, 4630 RICHMOND ROAD, SUITE 160, CLEVELAND, OHIO 44128
You are cordially invited to meet with a Chartwell Group representative on Thursday, October 13th at 7:30 P.M. for a question and answer session regarding the
entire Portfolio included in the October 25, 2005 Real Estate Auction. Due Diligence Packages will be available at this time for review and acquisition.
Call Matthew King at (216) 839-2019 to schedule an appointment, or attend at your convenience.
Parcel 18
11115 Governor • Cleveland, Ohio
Two Story 6 Unit Walk Up Apartment Building. This Building features
(2) 365 Sq. Ft. Efficiency style apartments with 1 Bath, and has (4) 294
Sq. Ft. Efficiency style apartments with 1 Bath. Located in a Residential
Area. Laundry Room, Central Gas Fired Boiler. Currently 83% occupied.
Projected Annual gross income at 100% occupancy is $23,760. Sits on a
.1267-acre site zoned multi-family district.
RE Taxes:
$3,921.00
OPENING BID:
$60,000
Cashier’s Check Req To bid: $7,000
Open House Dates: Thursdays October 6, 13,
20 from 3:00-4:30 P.M.
Commercial & Industrial Properties
Parcel 13
3839 West 162nd Street • Cleveland, Ohio
Bungalow Duplex with Ten rooms, Three
Bedrooms, Three Baths, Detached Garage, Full
Basement, 2,373 Sq. Ft. on .18 Acres. All-Brick,
Built in 1926. Currently 50% occupied and is
rented for $485/mo on a month to month lease.
RE Taxes
$2,672.84
OPENING BID:
$70,000
Cashier’s Check Req To bid: $6,000
Open House Dates: Saturdays October 8, 15
& 22, 10:30-12:00 P.M.
Parcel 14
2201 Hood Avenue • Cleveland, Ohio
Spacious Duplex with Four Bedrooms, Two
Baths, Full Basement, Attic, Porch, 1,408 Sq. Ft.
on .10 acres. Currently 50% occupied and is
rented for $485/mo on a month to month lease.
RE Taxes:
$1,576.08
OPENING BID:
$40,000
Cashier’s Check Req To bid: $4,000
Open House Dates: Saturdays October 8, 15
& 22, 2:30-4:00 P.M.
Single Family Residential Home Lots
6125 Carol Drive • Brookpark, Ohio
Split-level Four Bedroom, One and half Bath,
Attached Two-Car Garage, Fireplace, Central A/C,
1,760 Sq. Ft. on .16 acres. Currently rented for
$720/mo on a month to month lease.
RE Taxes:
$2,258.74
OPENING BID:
$72,000
Cashier’s Check Req To bid: $7,000
Open House Dates: Saturdays October 8, 15
& 22, 10-11:30 A.M.
Parcel 17
254 Washington Avenue • Elyria, Ohio
Two (2) 2-Story, 4 Unit, Walk up Apartment Buildings. These quiet
buildings have a total of: (8) 860 sq.ft. two-bedroom, one and half bath
units. Near Midway Shopping Mall, Great Residential Location. Tenantpaid gas with forced air furnaces. Laundry Room and 2 full basements.
Currently 75% occupied. Projected Annual gross income at 100%
occupancy is $50,400. Sits on 1.22 acres zoned MR-3 Multifamily.
RE Taxes:
$4,448.08
OPENING BID:
$125,000
Cashier’s Check Req To bid: $10,000
Open House Dates: Thursdays October 6, 13, 20
from 12:00-1:30 P.M.
Parcel 15
Sublot 1, Crystal Creek Drive
North Royalton, Ohio
Beautiful, heavily wooded .59 acre home site.
All utilities to site. Great location. Excellent
Schools. Ready to build.
RE Taxes:
$529.50
PPN Number:
481-01-021
OPENING BID:
$45,000
Cashier’s Check Req To bid: $4,500
Parcel 16
Sublot 7, Crystal Creek Drive
North Royalton, Ohio
Large 1.11-acre home site on cul-de-sac.
Heavily wooded. All utilities to site. Great
location. Excellent Schools.
RE Taxes:
$503.82
PPN Number:
481-01-027
OPENING BID:
$35,000
Cashier’s Check Req To bid: $4,500
CALL GORDON GREENE OR MICHAEL BERLAND AT 216-360-0009 TO HAVE YOUR REAL ESTATE EVALUATED FOR A FUTURE TCN CHARTWELL
GROUP REAL ESTATE AUCTION. TCN WORLDWIDE WITH 1200+ INDUSTRY EXPERTS IN 67 COMMERCIAL OFFICES SERVING OVER 200 MARKETS
INCLUDING: LONDON, NEW YORK, WASHINGTON DC, CLEVELAND, CHICAGO, DALLAS, LOS ANGELES, SYDNEY, SEOUL, BEIJING
Parcel 19
Parcel 20
7850 Freeway Circle • Middleburg Heights, Ohio
25,000 Sq. Ft. 2-Story brick commercial office facility with 3,030 Sq. Ft.
Garage area. Currently 50% occupied. Projected Annual Gross Income at
100% Occupancy is $220,000. Ample parking spaces. Located off
Interstate I-71 in Middleburg Heights. Zoned GB: General Business
RE Taxes:
$27,051.4
OPENING BID:
$835,000
Cashier’s Check Req To bid: $50,000
Open House Dates: Wednesdays October 5, 12, 19
from 10:30 A.M.-12:30 P.M.
1791 East 38th Street • Cleveland, Ohio
2-Story 18,953 Sq. Ft. Industrial Building consisting of a 13,598 Sq. Ft.
Shop/ Manufacturing area and 5,355 Sq. Ft. Office area. Gated Parking
Area with approx. 20 spaces. Lot size .40 acres. One 5 ton and one 2 ton
crane. Wet Sprinkler System. Heavy power and floor loads. One drive-in
overhead door. 14 to 20 ft clear height. Conveniently located by the
I-90,I-77,I-71 Innerbelt, in Midtown.
RE Taxes:
$5,350.88
OPENING BID:
$100,000
Cashier’s Check Req To bid: $10,000
Open House Dates: Wednesdays October 5, 12,
19 from 1:30-3:30 P.M
Chartwell Group, LLC
A Member/Owner of TCN Worldwide
Accelerated Real Estate Marketing
4630 Richmond Road, Suite 240 Cleveland, Ohio 44128
Telephone (216) 360-0009 Fax (216) 360-0395
www.chartwellgroup.com
www.tcnworldwide.com