COMMERCIAL PROPERTY
AUCTION
Friday, October 15, 2010 - 1:00 p.m.
Located 2 blocks south of Kam Raceway at 4790 East J, Hastings, NE
in the former Naval Ammunition Depot.

Building 113 and Surrounding Property containing 10.0 acres, more or less. (Very lengthy meets and bounds legal description, available upon request).

This property is comprised of a 50’ X 200’ all masonry building with 2 floors. There is dock height entry on the north side as well as the south side. Rail service is available at the south side dock.

This building most recently has served as an armory for the USAR 295 Ordinance Company. It includes a large motor pool room, class rooms, office space and a very large storage area on the main ground floor. The motor pool area has 2 electric operated garage doors to the north and 1 overhead door to the railroad dock side. There is also an overhead door on the railroad side of the large storage room.

The second floor housed the large dining room, kitchen area, food service area, arms vault, plus several large and medium size meeting rooms and offices.  

The facility is heated by a large well maintained hot water system. The upper level has central air service. The electrical service appears to be more than adequate for most any use. Utilities are through the City of Hastings including sewer and water. 

The first floor houses the large men’s restroom and shower area as well as the handicapped rest room. The lady’s restroom and shower area is on the second floor. 

Total Overall Area:  10.0 acres
Total Square Footage:  10,000 per floor or a total of 20,000
Building Dimensions:  50’ X 200’

The surrounding area includes the rail service to the building, a high and low truck loading dock/ramp, 2 large hard surfaced parking lots w/high chain link fencing. One lot has pole lighting.

TERMS:  A payment equal to 20% of the purchase price will be due the day of the auction. The balance will be due by cash, certified funds or a direct wire transfer to the account of Ruhter Auction & Realty, Inc. At closing, the sellers will present a title insurance binder indicating marketable title vested in the name of the sellers. Cost of title insurance will be divided equally by the purchaser and sellers.

This property sells in as-is condition and without warranty of any kind. This sale is not contingent upon the ability of the purchaser to secure financing. Please consult you loan agency prior to the auction. All purchaser required inspection must be made prior to the purchase.

Interested persons should contact the auction company for a private showing.

Ruhter Auction & Realty, Inc. is the agent for the sellers.

BROKER COOPERATION:  A 1% referral fee will be paid by the selling broker to a licensed real estate person who brings a successful bidder to the auction. Those buyers must be registered with Ruhter Auction & Realty, Inc. no less than 72 hours prior to the auction.

Due to the possibility of incorrect information and typographical errors, the auctioneer, owner and printer will not be held responsible for any errors that might appear in this advertisement. However, every effort has been made to describe the sale items accurately. The auctioneer's announcements on day of sale will take precedence over printed matter.