LIVE AUCTION - Thursday, August 23rd @ 11: a.m.
Live auction by Hudson & Marshall
Starts Aug 23, 2018 11:00 AM EDT
AUCTION: THURSDAY, AUGUST 23rd at 11:00 A.M. - On-Site 3960 W. Fort Street, Detroit, Wayne County, MI LOCATION: The subject property is known as the former “East Michigan Trailer Sales.” Situated on Fort Street, it sits in a prime location only 2 miles from the Detroit Central Business District, as well as easy access to I-75, Fisher Freeway and the Ambassador Bridge. OFFICE/SHOP BUILDING: The building has 10,039 SF of office space and 27,059 SF of shop building for a total of 37,098 SF. The shop features multiple craneways throughout, up to 10-T capacity; heavy electrical power; radiant tube heat in most areas, suspended gas heaters in one area. The office and shop area are fully sprinklered. There are a total of 25 grade-level doors with adequate room for truck maneuvering. The eastern half of the building recently was updated with a rubber membrane roof. ZONING: B6 General Services District. LEGAL: Property consists of 3 Parcels totaling 152,712 SF or 3.5058 Acres Tax ID: 14000064-5 (3910 West Fort St) - 83,299 SF Tax ID: 14000066-117 (3858 West Fort St) - 60,815 SF Tax ID: 14008362.001 (191 West Grand Blvd) - 8,598 SF UTILITIES: Municipal water & sewer, public utility gas & electricity. ENVIRONMENTAL REPORT: A Baseline Environmental Assessment was completed in February 2018. For a copy of the report, visit www.hudsonmarshall.com SURVEY: A survey was completed in July 2017. For a copy of the survey, visit our website: www.hudsonmarshall.com BILLBOARD LEASES: There is a billboard lease in effect through 2025. Below are the yearly rent payouts: 2018: $23,500 2022: $25,500 2019: $24,000 2023: $26,000 2020: $24,500 2024: $26,500 2021: $25,000 2025: $27,000 OPEN HOUSE: There will be an Open House on Thursday, August 9th and Wednesday, August 22nd from 10:00 A.M. until 5:00 P.M. You can also view anytime by making an appointment with Steve Slocumb at 478-957-4283. IN ORDER TO BID, each registered bidder must acknowledge they have reviewed the following items: Environmental Report, Survey, Billboard Lease, Deed Restriction, Title Report, Broker Co-Op Form, & Purchase & Sale Agreement. All documents can be viewed on our website at www.hudsonmarshall.com EQUIPMENT AND FURNISHINGS SELLING AT ABSOLUTE AUCTION (185) Heavy Duty Steel Shelving Units (Various Sizes) One 27” deep x 33’ steel parts counter with shelves Two shop air compressors Two 500 gallon oil containers Two heavy duty drum lathes – as is One Rigid 535 pipe threading machine Two steel pallet racks Four welding machines and parts One heavy duty table top drill press Two hydraulic power units and four rams for frame bay Numerous chains, clamps, hold downs & beams for frame straightening Four electric chain hoist in frame bay One lot Beeline wheel alignment equipment Two steel work benches, one with vice One panel saw rack, less saw Two 3’ x 12” x 7’ nut & bolt bins One 3’ x 12” x 3’ nut & bolt bin One lot of multiple pallets heavy duty truck & trailer parts Desks, Sofa, Chairs, Office Chairs, Tables, Filing Cabinets, Storage Cabinets, Credenzas, Conference Table with Matching Chairs