Princeton, West Virginia

Real Estate Auction
274,800± sq. ft. Manufacturing/Warehouse
Facility on 36.5± Acres

April 13, 2010 - 2:00 PM

Previews: Tuesdays, March 23, 30, April 6 from 4-6 PM and on
on sale day - 12:00 noon until sale time, 2:00 PM

This is a debt free corporate surplus asset - Minimum Bid $2,000,000 - owner spent $4,000,000 on additions and improvements in 2001!!!

800 Bee Street, Princeton, WV 24740

Offered in 7 Tracts
Commercial Potential - High Exposure to Route 460!

This prime facility offers 274,800± sq. ft. of which 266,300± sq. ft. is manufacturing/warehouse area, and 8,500± sq. ft. is offices. A 129,000± sq. ft. warehouse addition with 21± ft. clear ceiling height (25± ft. in center), in addition to a 5,000± sq. ft. brick office building were built in approx. 2001 at a cost of $4,000,000±. The office building features gas heat and electric AC. Each office has its own thermostat and High-speed Internet.

The majority of the original 137,300± sq. ft. manufacturing area offers 25± ft. clear ceiling height (30± ft. in center). The building is well insulated. The manufacturing area has metal halide and mercury vapor lighting. The office area features fluorescent lighting. Plant water is by 4” supply line. The warehouse/manufacturing area flooring is 6” reinforced concrete. The office areas are heated and cooled with electric heat pump. The building is fully sprinklered with nine dry systems supplied by two 8” water lines. The electrical is 480 volt, 3 phase, 2,000 amp service. Natural gas is by a 6” supply line.
The building has loading dock and drive-in access, and is suitable for dividing for multi-tenant use. There are 100± paved parking spaces and ample additional paved and un-paved acreage for truck, trailer and material storage.

The unimproved acreage is nearly level with long road frontage on Bee St. and Maple St. to the east, and will be offered in approximately 6 tracts, separately and in combination with the manufacturing/warehouse facility tract.

This property is ideally located with great visibility and easy access from Route 460 in Princeton!

2006 Annual Daily Traffic Counts: Rt. 460 fronting subject property – 16,500 VPD. Stafford Dr. at Bee St., behind subject property – 14,000 VPD

Commercial Potential...
This property is ideally located with great visibility and easy access from Route 460 in the heart of Princeton!


View of land along Bee Street	Land along Bee Street

Land along Bee Street	Land along Maple Street



	129,000± Sq. Ft. portion - built ±2001

5,000± sq. ft. office - built ±2001	129,000± sq. ft. portion - built ±2001

5,000± sq. ft. office - built ±2001

Aerial Photography

Boundaries shown on aerial photographs and topographical maps, which are provided by Auction Company as a courtesy to bidders, are approximate. Bidders should refer to the surveys provided in the Bidder Packet for boundary locations.

Sale Map

Documents

Floor Plan
Excerpts from Phase I Environmental Site Assessment
Phase I Environmental Site Assessment (17.5MB)
Zoning
Plat
Plat with Flood Plain Data
Broker Participation Form
Title Commitment Tract 1
Title Commitment Tract 2
Title Commitment Tract 3
Title Commitment Tract 4
Title Commitment Tract 5
Title Commitment Tract 6
Title Commitment Tract 7

Directions

From I-77 and US Route 460 just east of Princeton, WV follow Rt. 460 west toward Princeton 2 miles. Take the Downtown exit to right on Ingleside Rd.
Follow and turn right (east) on Rt. 104 (Stafford Dr.) Follow and turn right onto Bee St. at light. The unimproved portion of the property begins on Bee St., directly behind Auto Zone on left. Follow Bee St. to the end to manufacturing facility on right.

Broker Participation

Any appropriately licensed broker whose agent properly registers the successful high bidder will be paid a 2% commission based upon the contract sales price at settlement. Application must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as the Broker’s license number and Federal Tax ID number. The form must be received in the offices of Woltz & Associates, Inc. by 4:00 PM, Monday, April 12, 2010. Agent must show the prospective buyer the property and sign in at the open house, if attended by prospective buyer, attend the sale, and co-register with prospective Buyer on auction day. Only the first agent to register the high bidder will be eligible for a commission. Agents acting as principals buying on their own account, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with Seller or Auction Company are not eligible. An agent may register only one bidder. Broker Participation Form

Terms & Conditions

REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 1:00 P.M. Please bring a driver’s license for identification.
AUCTION SALE: All property will be sold absolute to the high bidder. ALL SALES ARE FINAL: All property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
FINANCING: Your bidding and purchase of the property is not conditional upon financing. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
BIDDING: Qualified bidders may bid on individual tracts, any grouping of tracts or on the whole property. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
BUYER’S PREMIUM: The Buyer’s Premium on real estate is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
AGENCY: The Auction Company and its representatives represent the Seller.
REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sale price will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
REAL ESTATE DEED: The real estate will be conveyed by Special warranty deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before May 12, 2010. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
GENERAL: The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.

Contact

For more information, please contact Boyd Temple (WV# 1202) .
Phone Number: (540) 342-3560 or 800-551-3588
Email: Boyd