#5 • COMBINED LOTS 1 - 4, APPROXIMATELY 26.419 ACRES AND (4) MULTI-PURPOSE BUILDINGS

Part of 8/23/2024 New Village Institute Real Estate Auction (timed auction by Henderson Auctions)

High bid $7,350,000.00

Status: Sold

The subject consists of four industrial buildings. Building I (Administration/Street Rod) is located at 500 Innovation Drive, built in 2004, and consists of 77,007 SF of net rentable area. Building II (Diesel Technology) is located at 277 Cornell Road, built in 2006, and consists of 89,400 SF of net rentable area. Building III (Automotive) is located at 406 Cornell Road, built in 2003, and consists of 58,109 SF of net rentable area. Building IV (Collision, Trim, and Refinishing) is located at 408 Cornell Road, built in 2004, and consists of 57,609 SF of net rentable area. The improvements are constructed on a two-parcel, 26.419-acre site. The subject was previously unoccupied since January of 2019. This property is being sold subject to the terms of a lease with an existing tenant. Upon transfer of title, the buyer will become the Lessor and will assume the rights, responsibilities, and benefits outlined in the Lease Agreement. Any deposits or rents advanced from the Lessee to the current owner will be transferred to the new owner at closing. This lot total bid price must be $100,000.00 above the combined total of lots 1-4 to be considered for approval. The lots being auctioned here do have a reserve. They are subject to the seller’s confirmation. Auctioneer reserves the liberty to accept bids or bid on behalf of the seller up to the amount of the reserve.