A division of Ohio Real Estate Auctions
1-877-BID-OHIO (243-6446) 

Performing foreclosure auctions and judicial
sales for banks and mortgage servicers

Ohio's Private Selling Officers

Gahanna Industrial Warehouse


More Information

 

Bidding starts at $1,400,000. Gahanna Industrial Warehouse with 18,710 SF on 2 Acres. Built in 2008. Clear span height approx. 25' in the rear 11,960 SF warehouse. Close to I-270 and just East of the John Glenn Int'l Airport. Zoning is IM (Innovation and Manufacturing). Built as and currently used as a Gym and Training facility. 64 paved and marked parking spots plus a gravel parking area for larger vehicles. The furniture, fixtures and equipment currently in the property do not convey with the real estate. Men's and Women's locker rooms plus numerous offices. Gas heat and central air. 3 phase electric available. Appraised at $2,100,000.

Lot Size: 2.07 Acres

Annual Taxes: $43,283


Plaintiff

Next Level Fitness & Training L.L.C.

Defendant Name

Pure Life Fitness LLC, et al

Attorney

Jeff Madison

Viewing Dates

This property operates as a gym. We do not have authority to give private showings or tours. You can try to obtain access on your own during normal business hours.


Property Map


Lead Auctioneer

Barry Baker
Email Barry

W: 937-581-3037
F: 614-635-3474


Basic Terms:

* This is a Foreclosure Auction ordered by the Franklin County Common Pleas Court. The foreclosure process intends to clear all liens and encumbrances on the subject property. You are encouraged to purchase Title Insurance at closing for an extra layer of protection.

* The property sells with a minimum opening bid of $1,400,000.

* The required deposit is 10% of the high bid.

* The successful bidder will be required to wire or direct deposit the above amount into the trust account of Ohio Sheriff Sales by 5:00 pm day of auction. If the deposit has not been made by the stated time, the purchaser automatically authorizes Ohio Sheriff Sales to charge the credit card provided at the time of registration for the required deposit amount plus a 10% processing fee.

* The real estate is sold As-Is with no contingencies.

* Closing required within 30 days of court confirmation.

* No contract is signed after the auction. A one-page Purchaser Information Form is the only document that is required by the Court. See the Documents section of this listing for the form.

* A 10% buyer's premium will be added to the high bid to obtain the final selling price.

* Buyer pays all closing costs.

* Private Selling Officer Deed or equivalent given at closing.

* The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. This generally only comes into play when a property goes to the 2nd auction with no minimum bid, or the property sells for less than is owed for back taxes and court costs.

* BUYER DEFAULT: Be aware, if you are unable to close within 30 days of court confirmation, your deposit is non-refundable, and you could be liable for other costs and penalties including being found in contempt of court.

* CASH ONLY SALE: All sales are considered CASH ONLY with no contingencies. You MAY be able to obtain financing on properties where interior access is available. Banks and Mortgage Co’s will only lend on properties when they can receive an interior appraisal. Keep in mind, the purchase of the property is not contingent upon the result of the appraisal or being denied for financing. The property is being sold AS IS with no warranties or guarantees.

* BIDDING NOTES:
Bid Increment: Required bidding increment is $10,000. Max Bid: When bidding, you can place a "Max Bid" and the automated bidding software will bid for you in the required increment up to your stated maximum. You will be notified by email and or text if your maximum is exceeded by another bidder. Bid Extensions: If a bid is placed in the last 5 minutes before the scheduled auction end time, bidding will extend back out to 5 minutes. Bid extensions will continue until a 5-minute period of time elapses after the stated auction end time with no advance in the bidding.

 

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