Investment Property for Sale, UPS Distribution Center

Wednesday, July 10, 2024

United Country Heard Auction & Real Estate, LLC
A 10% buyer's premium will be added to the bid price. The contract price will be equal to the bid price plus the Buyer's Premium.Pre-Auction offers will be considered. (See terms #24)1. To be approved as an online bidder, a signed copy of these "terms and conditions" along with a signed bidder's certification shall be received prior to the close of the auction and approved by the auction office. Bidders may be required to provide a photocopy of a valid state-issued identification at the auction company's sole discretion. Bidders may be subject to a deposit in order to participate. The deposit is fully refundable to non-winning bidders. 2. Auctioneer reserves the right to waive any and all requirement and/or require additional documentation prior to allowing a bidder to participate in the auction.3.The bidder is exclusively and solely responsible for any and all bids placed through their registered bidder ID. Bidders must not share or disclose their passwords to anyone.4.Bidding increments shall be determined at the sole discretion of the auctioneer and will be posted on the bidding website. This auction utilizes a soft close option, which means if a bid is placed within the last few moments prior to the auction item ending, the time is automatically extended for an additional 2 minutes. This process continues until all bidding ceases.5.Property will be sold subject to court confirmation. The Bidder expressly agrees that the bidder has inspected the property, or has had the opportunity to inspect the property, and is aware of the flaws, if any, and is fully prepared to pay for this purchase in full at time of closing.a)The sale shall not be contingent upon the sale of any other property, nor shall it be contingent upon financing in any manner.b)Bidder assumes all liability for the inspection process, including releasing the seller and the auctioneer from any claim of injury or harm during the inspection.c)A failure by the bidder to inspect the property shall not be grounds to terminate or void any contract.6.It is the Purchaser's sole responsibility to:a)perform all inspections (legal, environmental, economic, or otherwise) of the property and to be satisfied as to its condition prior to biddingb)review all property information and due diligence materialsc)independently verify any information they deem important including information available in public recordsd)inquire of public officials as to the applicability of and compliance with land use and environmental laws, zoning, building and health & safety codes and ordinances and any other local, state, or federal laws and regulations. 7.All information contained in the website and all promotional materials, including but not limited to, photographs, directions, acreage, square footage, dimensions, zoning, maps used for promotion, environmental conditions, taxes, etc., was provided by or on behalf of the Seller and is believed to be correct; however, neither the Seller nor the Auctioneer makes any promise, representation, guarantee, or warranty as to the accuracy or completeness of such information.8.This property is being sold "As-Is" with no warranties express or implied, unless specifically stated. 9.Property included in the sale is the real estate only or as listed in the property description. Unless specifically listed, no personal property will transfer with the sale of the real property. The property is currently leased to U.P.S. and the lease shall remain in effect until August 31, 2028. Lease shall transfer to Buyer. The monthly lease shall be pro-rated to the day of closing.10.Buyer's Premium: A ten percent (10%) buyer's premium will be added to the final accepted bid and charged to the buyer to determine the final sales price. For example, a top bid of $200,000, plus a 10% buyer's premium will result in a sales price of $220,000.11.The down payment will be payable to Custer County Abstract Company. Payment shall be made by direct wire transfer or certified funds within two (2) business days.12.Real Estate Taxes: The taxes will be prorated to the day of closing.13.Closing:a)Closing shall take place at the office of Custer County Abstract Company, 631 N 6th St., Clinton, OK 73601b)Closing fees will be split between the buyer and the seller.c)Closing will be held on or before 3:00 PM, August 26, 2024.14.Possession of property will be given at closing. 15.The Successful Bidder shall execute a "Real Estate Auction Contract of Sale" for the property immediately after being declared the Successful Bidder by the Auctioneer.16.Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigation, and due diligence concerning the property.17.United Country Heard Auction & Real Estate, and their representatives are exclusive agents of the Seller. There is no buyer's agency. There is no duty from the Auctioneer to the buyer.18.All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material.19.All marketing information and PIP materials were gathered from reliable sources and are believed to be correct as of the date they were published; however, the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the Seller or Auctioneer to update this information.20.Online Auction Technology (Disclaimer): Under no circumstances shall Buyer have any kind of claim against United Country Heard Auction & Real Estate, LLC, Broker of record, or anyone else, if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technological faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the "Maximum Bid" feature on the bidding platform and lock in their maximum bid amount if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.21.Disclaimer: Bidders are advised to independently verify all information they deem important. This property is being sold "As-is, Where-is" and with "All Faults" whether known or unknown, presently existing or that may hereafter arise. The Seller and Auctioneer have not made, do not make and will not make, and hereby disclaim, any representation or warranty, whether expressed or implied or statutory, whether oral or written, with respect to the Property, including, without limitation, any warranty as to its value, condition, acreage, square footage, state of repair, structural integrity, habitability, suitability, merchantability, marketability, operability, visibility, zoning or subdivision regulations, mineral rights, environmental condition or fitness for a particular use or purpose. No Guarantees are given as to the availability of utilities or accesses, the permitted or allowable use of the Property. Buyer agrees to take full responsibility of investigating the property and not rely on any information provided or to be provided by seller or broker or auctioneer. Buyer further acknowledges and agrees that any information provided by or on behalf of seller with respect to the property including, without limitation, all information contained in any property information package previously made available to buyer by seller and broker was obtained from a variety of sources and that seller and broker and auctioneer have not made any independent investigations or verification of such information and make no representation as to the accuracy or completeness of such information.22.Neither the Seller, its attorneys, any broker, nor the Auctioneer, shall be liable for any relief including damages, rescission, reformation, allowance, or adjustments based on the failure of the Property including, but not limited to, amount of acreage, square footage, zoning, and environmental condition to conform to any specific standard or expectation, or any third-party documents of information. 23.Auctioneer's Agency Disclosure: The Auctioneer is acting as the agent for Seller and has completed a separate agreement with the Seller.24.Pre-Auction Offers: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that "an offer" has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller's acceptance.For questions call Corky Heard, at (580) 323-6120.
22464 E 1078 Rd,, Clinton, OK
Pre-Auction offers will be considered. (See terms #24)We are pleased to present an exceptional investment opportunity: the UPS building located on HWY 183 in Clinton, Oklahoma. This unique property, which has been rented by UPS for 39 years, is the only UPS hub between Oklahoma City and Amarillo, making it a prime location for distribution and logistics.Key Features of the UPS Terminal Center:Location: The property is strategically located on HWY 183, just 3 miles south of Interstate 40 in Clinton, OK, providing excellent connectivity and easy access for transportation.Long-Term Tenant: With a reliable, long-term tenant in place, this property offers steady income. The current lease with UPS is set to be renewed in 2028.Income-Producing: This property has been a consistent income producer, making it a great addition to any investment portfolio.Property Details:Total Area: The warehouse sits on a 2.76-acre lot, providing ample space for operations and future expansion.Main Warehouse: The main warehouse measures 122' x 71', 8,600 sq. ft, offering substantial storage and operational space.North Side: Features a walk-thru door leading to the reception area and an add-on north loading bay measuring 17' x 17' with two loading bays.West Side: Equipped with three large overhead doors (22' wide x 12' tall) and one walk-thru door, facilitating smooth logistics and operations.East Side: Mirrors the west side with three large overhead doors (22' wide x 12' tall) and one walk-thru door.South Side: Includes portable loading bays measuring 58' x 12' with a total of eleven loading bays, ensuring efficient loading, and unloading capabilities.This property is an ideal investment for those seeking a stable, income-generating asset with a trusted tenant in place. Don't miss the opportunity to own a key logistics hub with significant potential for continued growth.Legal Description:SURFACE INTEREST ONLY IN AN TO:Tract of land in the Southeast Quarter (SE/4) of Section 3, Township 11 North, Range 17 W.I.M., Washita County, Oklahoma, described as follows: Beginning at a point 840.50 feet East of the Southwest corner of said Southeast Quarter (SE/4) of Section 31; thence East a distance of 210.00 feet; thence North 0?01'50" East a distance of 1037.14 feet; thence West a distance of 210.0 feet; thence South 0?01'50" West a distance of 1037.14 feet to the point of beginning, containing 5.00 acres, LESS AND EXCEPT a tract of land in the Southeast Quarter (SE/4) of Section 3, Township 11 North, Range 17 W.I.M., being described as follows: Beginning at a point 840.50 feet East of the Southwest corner of the Southeast Quarter (SE/4) of said Section 3, and thence North 273 feet for a point of beginning; thence East 210 feet; thence North 300 feet; thence West 210 feet; thence South 300 feet to the point of beginning, containing 1.25 acres, more or less (having an address of 22464 E 1078 Road, Clinton, Oklahoma 73601); and beginning at a point 1037.14 feet North of the South line and 922.44 feet East of the West line of said Southeast Quarter (SE/4) of Section Three (3); thence North 0?18'20" East a distance 221.42 feet; thence North 89?29'07" East a distance of 129.36 feet; thence South 0?01'50" West a distance of 222.58 feet; thence West a distance of 128.06 feet to the point of beginning containing 0.656 acres;Approximately 2.76 Acres more or less.AKA: 22464 E. 1078 Road, Clinton, OK 73601Minerals: Selling the surface rights only
Lot #: 1

Investment Property for Sale UPS Distr. Center

We are pleased to present an exceptional investment opportunity: the UPS building located on HWY 183 in Clinton, Oklahoma. This unique property, which has been rented by UPS for 39 years, is the only UPS hub between Oklahoma City and Amarillo, making it a prime location for distribution and logistics.Key Features of the UPS Terminal Center:Location: The property is strategically located on HWY 183, just 3 miles south of Interstate 40 in Clinton, OK, providing excellent connectivity and easy access for transportation.Long-Term Tenant: With a reliable, long-term tenant in place, this property offers steady income. The current lease with UPS is set to be renewed in 2028.Income-Producing: This property has been a consistent income producer, making it a great addition to any investment portfolio.Property Details:Total Area: The warehouse sits on a 2.76-acre lot, providing ample space for operations and future expansion.Main Warehouse: The main warehouse measures 122' x 71', 8,600 sq. ft, offering substantial storage and operational space.North Side: Features a walk-thru door leading to the reception area and an add-on north loading bay measuring 17' x 17' with two loading bays.West Side: Equipped with three large overhead doors (22' wide x 12' tall) and one walk-thru door, facilitating smooth logistics and operations.East Side: Mirrors the west side with three large overhead doors (22' wide x 12' tall) and one walk-thru door.South Side: Includes portable loading bays measuring 58' x 12' with a total of eleven loading bays, ensuring efficient loading, and unloading capabilities.This property is an ideal investment for those seeking a stable, income-generating asset with a trusted tenant in place. Don't miss the opportunity to own a key logistics hub with significant potential for continued growth.Legal Description:SURFACE INTEREST ONLY IN AN TO:Tract of land in the Southeast Quarter (SE/4) of Section 3, Township 11 North, Range 17 W.I.M., Washita County, Oklahoma, described as follows: Beginning at a point 840.50 feet East of the Southwest corner of said Southeast Quarter (SE/4) of Section 31; thence East a distance of 210.00 feet; thence North 0?01'50" East a distance of 1037.14 feet; thence West a distance of 210.0 feet; thence South 0?01'50" West a distance of 1037.14 feet to the point of beginning, containing 5.00 acres, LESS AND EXCEPT a tract of land in the Southeast Quarter (SE/4) of Section 3, Township 11 North, Range 17 W.I.M., being described as follows: Beginning at a point 840.50 feet East of the Southwest corner of the Southeast Quarter (SE/4) of said Section 3, and thence North 273 feet for a point of beginning; thence East 210 feet; thence North 300 feet; thence West 210 feet; thence South 300 feet to the point of beginning, containing 1.25 acres, more or less (having an address of 22464 E 1078 Road, Clinton, Oklahoma 73601); and beginning at a point 1037.14 feet North of the South line and 922.44 feet East of the West line of said Southeast Quarter (SE/4) of Section Three (3); thence North 0?18'20" East a distance 221.42 feet; thence North 89?29'07" East a distance of 129.36 feet; thence South 0?01'50" West a distance of 222.58 feet; thence West a distance of 128.06 feet to the point of beginning containing 0.656 acres;AKA: 22464 E. 1078 Road, Clinton, OK 73601

Photo Gallery

Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. United Country Heard Auction & Real Estate, LLC, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.