REAL ESTATE AUCTION

WHEN: Thursday, June 3rd, 2021
TIME: 11:00 AM
WHERE: 2755 HWY 46 S, Dickson, TN 37055

PROPERTY INSPECTION DATE: WEDNESDAY, MAY 19TH, 12-3PM

 

BRUCE PEERY CO.

 

Incredible development & investment opportunity, conveniently located 1 mile south of 1-40, at exit 172!

383 MINI STORAGE FACILITY

156 MOBILE HOME COMMUNITY!

9,738 SF OFFICE BLDG & SHOPS!

 

TOTAL POTENTIAL ANNUAL INCOME: $844,800.00!!!

 

ALL ON 67 ACRES IN 3 TRACTS & COMBINATIONS!

 

 

Tract #1 – 5.07 acres

  • This tract contains a 9,738 sq. ft. commercial building with three 14’X12’ roll up doors.  The office contains 4 offices & 4 bathrooms. There is a partial fenced area behind the building. The office contains 4 offices & 4 bathrooms. There is a drive-up window for people making payments. We are projecting the rental amount for the commercial building is $5K-$8K per month. Excellent Steel Structure.
  • Storage buildings P & O containing 44 individual storage units.

 

  • A small coffee shop, Cup of Sunshine, has a small ground lease at the main highway paying $250 a month. Sewer line at the coffee shop on this tract. That is connected to the 8” main line at the highway.

 

  • Incredible visibility with high traffic count, 1 mile from 1-40.

 

Tract #2 – 5.23 acres

  • 14 storage buildings containing 338 individual self-storage units.

Tract #3 – 57.1 acres

  • This is a mobile home park on septic system. There are 77 mobile home lots and 79 vacant lots. Mobile homes are owned by individuals and leased for $300 a month.
  • There is access to Nails Creek Rd. into this tract. There is also an easement from the main highway, back to the trailer park.

 

Utilities

  • City water, electricity and natural gas. There is a sewer line servicing Cup of Sunshine on Tract #1. There is a sewer service line at parcel 136.043.02 adjoining tract 2.

 

Annual Revenue 

  • We are projecting the property will generate $844,800 annually if all of the storage units are rented out, all of the trailer spots are rented out and the commercial building getting $5,000 a month and the coffee shop operating as-is.

 

Current prices for the storage units are as follows:

  • 5’x10’ = $25 a month
  • 10’x10’ = $50 a month
  • 10’x15’ = $60 a month
  • 10’x20’ = $75 a month
  • 10’x30’ = $100 a month

 

General Information:

Zoning:

C1: General Commercial

A1: Agricultural

 

Property Taxes:

$10,301.00/year

 

REAL ESTATE OFFERED AT 11:00 AM CST!

Auction held onsite & online!

TERMS AND CONDITIONS

PROCEDURE: The property will be offered in 3 individual tracts or as whole.

BUYERS PREMIUM: A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.

DOWN PAYMENT: 10% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: Closing shall take place on or before 30 days from auction date.

REAL ESTATE TAXES: All 2021 ad valorem taxes will be prorated at closing

SURVEY: The property will be sold by a new survey.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

CLICK BELOW TO REGISTER TO BID ONLINE

Details

PROPERTY INSPECTION DATE: WEDNESDAY, MAY 19TH, 12-3PM

 

BRUCE PEERY CO.

 

Incredible development & investment opportunity, conveniently located 1 mile south of 1-40, at exit 172!

383 MINI STORAGE FACILITY

156 MOBILE HOME COMMUNITY!

9,738 SF OFFICE BLDG & SHOPS!

 

TOTAL POTENTIAL ANNUAL INCOME: $844,800.00!!!

 

ALL ON 67 ACRES IN 3 TRACTS & COMBINATIONS!

 

 

Tract #1 – 5.07 acres

  • This tract contains a 9,738 sq. ft. commercial building with three 14’X12’ roll up doors.  The office contains 4 offices & 4 bathrooms. There is a partial fenced area behind the building. The office contains 4 offices & 4 bathrooms. There is a drive-up window for people making payments. We are projecting the rental amount for the commercial building is $5K-$8K per month. Excellent Steel Structure.
  • Storage buildings P & O containing 44 individual storage units.

 

  • A small coffee shop, Cup of Sunshine, has a small ground lease at the main highway paying $250 a month. Sewer line at the coffee shop on this tract. That is connected to the 8” main line at the highway.

 

  • Incredible visibility with high traffic count, 1 mile from 1-40.

 

Tract #2 – 5.23 acres

  • 14 storage buildings containing 338 individual self-storage units.

Tract #3 – 57.1 acres

  • This is a mobile home park on septic system. There are 77 mobile home lots and 79 vacant lots. Mobile homes are owned by individuals and leased for $300 a month.
  • There is access to Nails Creek Rd. into this tract. There is also an easement from the main highway, back to the trailer park.

 

Utilities

  • City water, electricity and natural gas. There is a sewer line servicing Cup of Sunshine on Tract #1. There is a sewer service line at parcel 136.043.02 adjoining tract 2.

 

Annual Revenue 

  • We are projecting the property will generate $844,800 annually if all of the storage units are rented out, all of the trailer spots are rented out and the commercial building getting $5,000 a month and the coffee shop operating as-is.

 

Current prices for the storage units are as follows:

  • 5’x10’ = $25 a month
  • 10’x10’ = $50 a month
  • 10’x15’ = $60 a month
  • 10’x20’ = $75 a month
  • 10’x30’ = $100 a month

 

General Information:

Zoning:

C1: General Commercial

A1: Agricultural

 

Property Taxes:

$10,301.00/year

 

REAL ESTATE OFFERED AT 11:00 AM CST!

Auction held onsite & online!

Potential Income
Terms

TERMS AND CONDITIONS

PROCEDURE: The property will be offered in 3 individual tracts or as whole.

BUYERS PREMIUM: A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.

DOWN PAYMENT: 10% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: Closing shall take place on or before 30 days from auction date.

REAL ESTATE TAXES: All 2021 ad valorem taxes will be prorated at closing

SURVEY: The property will be sold by a new survey.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

Brochure
Video
Plat
Prof. Measurements
Water/Sewer Map
Online Bidding

CLICK BELOW TO REGISTER TO BID ONLINE