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25,000 square foot office building zoned ML-IM (Manufacturing Light-Industrial Major) Low maintenance building with recent capital improvements. The property sits on a 1.4 +/- Acre Lot and offers a great location in the heart of Owings Mills. Just a short walk to the Owings Mills Metro, easy access to I-795, Reisterstown Road and I-695 within close proximity to restaurants, banking, and service retail. Converted from an office/warehouse to 100% office in 1987. There is an existing triple net lease through 09/30/2008, please contact Thad Hunter for additional lease information. There is ample parking with approximately 70 surface parking spaces with a new asphalt surface in 2003, additional street parking also available. A new roof was also put on in 2003 and there is a full sprinkler system built into the building.
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Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $100,000 is due at the time and place of sale. The difference to bring the deposit up to 5% is due 3 business days after the sale in the auctioneer's office. Settlement is 45 days from the sale date. If payment of the balance of the purchase price is not paid within the specified period, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. All income and expenses, including real estate taxes, and all utilities which are not the obligation of tenants to pay, if any, and all sanitary and/or metropolitan district charges, are to be adjusted to date of settlement and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement fees and transfer taxes are to be paid by the purchaser. The property will be sold in "AS IS" condition without express or implied warranty as to the nature, condition or description of the property or the improvements, or their suitability for any particular purpose. The property will be sold subject to easements, agreements, restrictions, encroachments and covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.
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