KRH Real Estate, LLC Property Auction

Cheyenne County, NE 7 Properties – Sidney, NE Acres

Overview

Overview

This property is sold

SOLD! Total Bids $900,000.

Parcel #1 $145,000
Parcel #2 $320,000
Parcel #3 $190,000
Parcel #4 $70,000
Parcel #5 $37,500
Parcel #6 $85,000
Parcel #7 $52,500 

Total Auction Bid $900,000 

KRH Real Estate, LLC is dissolving their LLC and liquidating their assets. Properties to be sold include 6 commercial properties and 1 rural acreage. The properties being offered for sale include an operational car wash with 2 wash bays, and additional automatic wash bay; 7,200+/- sq ft building with retail, office, reception, and shop areas; 4,800+/- sq ft warehouse building; (Both of these properties are leased to tire retail and repair shop and lease to transfer to Buyer(s); 7,060+/- sq ft Restaurant and Bar; 5.426 acre vacant lot adjacent to new Hospital; 2,016+/- sq ft former car wash used for storage; and 40+/- acre rural acreage currently used for pasture. All of the properties are located in and near Sidney, Nebraska. Possession of properties upon closing except properties that are subject to leases.

PARCEL DESCRIPTIONS

PARCEL #1: CAR WASH – Address: 1740 10th Ave; Legal: Lots 7 & 8 Block 10 Clarkson’s Second Addition; Lot: 17,424+/- sq ft; Building: 1,749+/- sq ft with 2 wash bays with additional automatic wash bay;
2016 Real Estate Tax: $2,364.32.

PARCEL #2: RETAIL/OFFICE w/WAREHOUSE – Address: 238 – 256 Illinois Street; Legal: Lot A S/D of Lot 3 & Lot 2 of Block 2 Superior Subdivision; Lot: 1.67+/- acres; Building:  7,200 sq ft retail, reception, office, & tire repair shop & 4,800 sq ft warehouse; Major tenant lease expires 12/31/2020 (see detail brochure for lease and lease amount);
2016 Real Estate Tax: $5,462.90.

PARCEL #3: THE VINE RESTAURANT/BAR – Address: 284 Illinois Street; Legal: Lot 1 Block 2 Superior Subdivision; Lot: 1.26+/- acres; Building: 7,060 sq ft; Dining room, bar/tavern, kitchen, 3 restrooms, and banquet area;
2016 Real Estate Tax: $6,115.84.

PARCEL #4: VACANT LOT
– Address: 1100 Pole Creek Crossing; Legal: Tract 3 James I Subdivision; Lot: 5.426 ac; Adjacent to new hospital;  2016 Real Estate Tax: $924.04

PARCEL #5: RETAIL
– Address: 840 9th Ave; Legal: Lot 15 Block 20 Original Town; Lot: 8,712+/- sq ft; Building: 1,149 +/- sq ft retail store across from Post Office; 2016 Real Estate Tax: $1,118.92.

PARCEL #6: FORMER CAR WASH – Address: 937 18th Ave; Legal: Lots 5 & 6 Except 100’2”x29’ Tract in N/2 Block 1 McFadden’s Third Addition; Lot: 14,518+/- sq ft; Building: 2,016+/- sq ft former car wash used for storage;
2016 Real Estate Tax: $1,333.92.

PARCEL #7: RURAL ACREAGE – 40 acres; Legal: 28-14-49 Tract A in NW/4; 1 mile N of Sidney; Hwy #385 borders E side, Road 115 borders W side; 2016 Real Estate Tax: $205.12.

SALE TERMS/PROCEDURE: The “KRH REAL ESTATE, LLC PROPERTY AUCTION” is a property auction with NO RESERVE. Competitive bids will determine outcome of auction and the Seller to enter into a contract to purchase with the highest bidder(s). Property to be offered in 7 Parcels. The parcels will be offered in the sale order as stated within the brochure. Competitive bidding will determine the outcome of the auction. The Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price.
SIGNING OF PURCHASE AGREEMENT: Immediately following the conclusion of the auction, the highest bidder(s) will sign Disclosure of Brokerage Relationships in Real Estate Transactions and will enter into and sign a Purchase Agreement for the amount of the bid.  Required earnest money deposit to be in the form of a personal, business, or corporate check for 15% of the purchase price. Said earnest money is due upon the signing of the Purchase Agreement and to be deposited with Reck Agri Realty & Auction. The Purchase Agreement will not be contingent upon financing. Terms and conditions of the Detail Brochure and oral announcements shall be incorporated and made a part of the Purchase Agreement. Sample Purchase Agreement is available within the Detail Brochure.
CLOSING: Buyer(s) shall pay in electronic transfer funds or cashier’s check (Good Funds), the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before February 24, 2017. Closing to be conducted by Cheyenne County Title and the closing service fee to be split 50-50 between Seller and Buyer(s).
TITLE: Seller to pass title by Warranty Deed free and clear of all liens. Title Insurance to be used as evidence of marketable title and cost of the premium to be split 50-50 between Seller and Buyer(s). The Buyer(s) to receive a TBD title commitment within Detail Brochure, updated title commitment with Buyer(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner’s title insurance policy in an amount equal to the Purchase price after closing. Property to be sold subject to existing roads and highways; established easements and rights-of-way; and other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments are available for review within the Detail Brochure and at the auction and title commitment and exceptions will be incorporated and made a part of the Purchase Agreement.
POSSESSION: Possession of property upon closing except for parcels that are subject to existing commercial leases.
PROPERTY CONDITION: The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Please call listing broker for an appointment to inspect said properties. Property condition disclosure forms will be included within the detail brochure.
LEASE RENTAL PAYMENTS: Seller to prorate tenant’s lease payments to the day of closing.
REAL ESTATE TAX: 2016 Real Estate Tax due in 2017 to be prorated to day of closing.
LEGAL DESCRIPTION: Legal descriptions are subject to existing boundaries or land-use trades, if any.
MINERALS: Seller to convey all OWNED mineral rights to Buyer (s).
ACREAGES: All stated acreages and/or square footage in the Color Brochure, Detail Brochure, and visual presentation at the auction are approximate and are obtained from the county tax records. The county tax records may indicate different acreages and/or square footage and no warranty is expressed or implied as to exact acreages and/or square footage of property. All bids are for the total parcel without regard to exact acreage and/or square footage. There will be no adjustment in purchase price if acreage and/or square footage is different than what is stated in this brochure and/or stated at the auction.
BIDDER REQUIREMENTS: Prior to auction, Buyer(s) to review the terms and conditions as set forth in the Detail Brochure. Detail Brochure may be obtained by visiting auction property page at www.reckagri.com, or by calling Reck Agri Realty & Auction. Bidding via cell phone, internet, and/or bidding on someone’s behalf, must be approved by Reck Agri Realty & Auction 24 hours prior to auction.
ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Limited Seller’s Agent. Announcements made by Reck Agri Realty & Auction, at the time of sale will take precedence over any previously printed material or other oral statements.. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidder increments are at the discretion of the Broker.
A DETAIL BROCHURE is available upon request and is REQUIRED to bid at the auction, via cell phone, or online bidding. It includes the terms and conditions of the auction, pertinent facts, title commitment, Purchase Agreement. For additional color photos visit the “KRH Real Estate, LLC Property Auction” Visual Tour on our website: www.reckagri.com.
COPYRIGHT NOTICE: Photographs, video tapes, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission. Auction photographs may be used by Reck Agri Realty & Auction in publications, marketing materials, and on its website.

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KRH REAL ESTATE, LLC PROPERTY AUCTION
– No Reserve
Tuesday, January 24, 2017 – 10:30 am, MT
Country Inn & Suites, Sidney, NE

Auction Location Map – Country Inn and Suites, Sidney, NE. 664 Chase Blvd, Sidney, NE 69162


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Location

  • Cheyenne County, NE

Quick Facts

  • KRH Real Estate, LLC Property Auction
  • Tuesday, January 24, 2017 – 10:30 am, MT
  • Country Inn & Suites, Sidney, NE
  • SOLD! Total Bids $900,000
  • 6 Commercial Properties
  • 1 Rural Acreage
  • Operational car wash w/2 wash bays w/additional automatic wash bay
  • 7,200+/- sq ft retail, office, reception, and shop area
  • 4,800+/- sq ft warehouse
  • Both of the above properties leased to reputable tire retail and repair shop
  • 7,060+/- sq ft Restaurant and bar
  • 5.426 ac vacant lot adjacent to new Hospital
  • 2,016+/- sq ft former car wash used for storage
  • 40+/- ac rural acreage currently pasture
  • Located in and near Sidney, Nebraska
  • Possession upon closing except properties subject to leases

Property Type(s)