14500 Darley Ave, Cleveland, OH 44110

Offered via online bidding only by Court Appointed Receiver.  High bid above $30,000 will be presented to Court for approval.  Property will be sold free and clear of all liens and taxes will be pro-rated to day of closing.  $25,000 deposit required to be wired within 24 hours of bidding conclusion.  Bidding concludes Tuesday, January 21, 2019 at 2pm ET.  Buyer’s Premium equal to 10% of the high bid will be added to the high bid to determine the final sale price.  Closing to take place within 30 days of Court’s approval of the sale.  Sold 100% as-is, where-is, with all faults.  Receiver makes no representations or warranties as to condition or details of the property.  Feel free to walk around the property, but you’ll have to contact us for a showing / interior access.  First available open showings will be held Monday, December 30, 2019.  Exact time TBD.  One / two more open showings to follow possibly.  TBD at a later date.

Situated on approximately 6.8 acres, a 150,179 SF (per auditor) Industrial / Storage Warehouse located in Cleveland, OH is being offered for sale by Court Appointed Receiver.  Upside potential exists by curing deferred maintenance, fixing the collapsed beam / roof damage, and having immediate occupancy.  This property has a security fenced lot, gated access, full dry sprinkler system, and a security alarm on the building.  According to public record, the property is zoned as G1-B3.  Also according to public record, the building contains 14′ ceilings, 6 dock-high loading doors (4′ above ground level), and 5 drive-in / grade-level doors.

The high bid over $30,000 (plus a 10% buyer’s premium) will be presented to the Court for approval.

Information contained in ANY advertisement for this property is not guaranteed or warranted and should not be relied upon.  BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS IT HAS INDEPENDENTLY VERIFIED ALL INFORMATION AND MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.  High acceptable bidder must wire transfer $25,000 deposit within 24 hours of bidding conclusion.

Key sale points to know:

• Property is sold 100% AS-IS, WHERE-IS, with all faults.
• Property is sold subject to any / all code violations.
• Property is sold subject to court approval.
• High bid will be presented to Receiver for approval.
• Receiver reserves the right to accept or reject any bid or offer, at any time prior to or subsequent to bidding conclusion, for any reason.
• Information contained in any advertisement is not guaranteed or warranted.
• No contingencies will be accepted, except the Receiver’s ability to convey insurable title.
• Property will be sold free and clear of all liens.
• Property taxes will be pro-rated to the day of closing.
• Cash-only sale, absolutely no financing contingencies.
• Absolutely no inspection contingencies.
• 10% Buyer’s Premium is added to the high acceptable bid to determine the final sale price.
• Deposit of $25,000 must be wired to Receiver’s title company within 24 hours of bidding conclusion.
• Prior to being approved to place a bid, a credit card number is required to be entered by the bidder.  The credit card number will be ran for a pre-authorization verification in the amount of $10,000.  There will not be a hold on the card and it will not show up as a charge / refund.  The credit card will only be charged if the high bidder defaults on the required $25,000 deposit within 24 hours of bidding conclusion.
• If requiring any inspection, due diligence, or financing contingencies, please do not bid.

*** ~10,000 SF of roofing collapsed within the last 60 days – the property will be sold as-is ***