• Property photo 1 - 54,000 SF Building - 29 Acres - 5 Prime Out Parcels - Along 80/90
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54,000 SF Building - 29 Acres - 5 Prime Out Parcels - Along 80/90

54,000 SF Building - 29 Acres - 5 Prime Out Parcels - Along 80/90

Toledo Ohio - Lucas County

Owner: Heatherdowns Property Holdings, LLC Tue, Jun 1, 2010 EASTERN

AUCTION IS OVER

• Prime Location with Easy Access • Excellent Ohio Turnpike Visibility • 54,000 Sq. Ft. Masonic Building • 5 Additional Out Parcels Ready for Commercial Development • Zoned RS12 Residential


OPEN HOUSE/INSPECTION DATES

Tuesday, May 4 • 5-7pm
Thursday, May 20 • 5-7pm
Meet a Schrader Representative at the property to view each tract and tour the building.

PROPERTY LOCATION

4645 Heatherdowns Blvd., Toledo, Ohio.

AUCTION LOCATION

Auction Held on Site: 4645 Heatherdowns Blvd., Toledo, Ohio.

TRACT DESCRIPTIONS

Tract 1: 4± ac Former 54,000 sq. ft. Masonic Center on 4+/- Acres. Built in 1967, architectural design award winner, 2-stories, conference rooms, full kitchen, dining area, office space, many options for room changes or expansion. Includes 40ft x 60ft Steel Storage Building. Excellent Condition.

Tract 2: 2± ac 2+/- Acre prime out parcel with frontage on Heatherdowns Blvd. and Cass Road.

Tract 3: 3± ac 3+/- Acre prime out parcel with frontage on Heatherdowns Blvd.

Tract 4: 3± ac 3+/- Acre prime out parcel with frontage on Heatherdowns Blvd.

Tract 5: 8± ac 8+/- Acre commercial out parcel with frontage on Cass Rd. Excellent Ohio Turnpike visibility.

Tract 6: 9± ac 9+/- Acre commercial out parcel with frontage on Heatherdowns Blvd.


AREA MAP

Satellite area map of the auction location near Toledo Ohio - Lucas County

TRACT MAP(S)

Tract map - 54,000 SF Building - 29 Acres - 5 Prime Out Parcels - Along 80/90

SURVEY INFORMATION

Survey - 54,000 SF Building - 29 Acres - 5 Prime Out Parcels - Along 80/90

AREA MAP(S)

Area map - 54,000 SF Building - 29 Acres - 5 Prime Out Parcels - Along 80/90

PROCEDURE: The property will be offered in 6 individual tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier’s check. The balance of the contract purchase price is due in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

ACCEPTANCE OF BID PRICES: All successful bidders will sign an Agreement to Purchase at the auction site immediately following the close of bidding. All final bid prices are subject to the seller’s acceptance or rejection.

BROKER PARTICIPATION: A 2% commission will be paid to any properly licensed Broker who registers a successful buyer according to the Broker Participation Guidelines. Broker Registration Forms are available from the Auction Company. Forms must be completed and returned no later than 48 hours prior to the auction.

CLOSING: Closing shall occur as soon as possible after applicable closing documents have been completed.

TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

REAL ESTATE TAXES & ASSESSMENTS: The 2010 calendar year taxes shall be prorated to the date of closing and shall be paid by the Seller in the form of a credit to the Buyer at closing. Prorations will be based on the 2009 tax information. Buyer will be responsible for all subsequent taxes.

EASEMENTS & LEASES: Sale of said property is subject to any and all easements of record and any and all government leases.

SURVEY: AT THE SELLER’S OPTION, the Seller shall provide a new survey where there is no existing legal description. Any need for a new survey shall be determined solely by the Seller unless such surveys are required by State or local law. The cost of the survey shall be paid by the Seller. The type of survey performed shall be at the Seller’s option and sufficient for providing title insurance and the transfer of merchantable title.

AGENCY: Schrader Real Estate & Auction and its representatives are Exclusive Agents of the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an â€

Commitment for Title Insurance

Final Auction Tract Survey

Parking Lease

Auction Purchase and Sale Agreement

Schedule B - Section 2 Exceptions

Schedule B - Section 2 Exceptions

Schedule B - Section 2 Exceptions

Schedule B - Section 2 Exceptions

Schedule B - Section 2 Exceptions

Schedule B - Section 2 Exceptions

Schedule B - Section 2 Exceptions

Schedule B - Section 2 Exceptions

Schedule B - Section 2 Exceptions

Property Information Packet

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