PSO FORECLOSURE AUCTION

Pursuant to Franklin County Ohio Court of Common Pleas, Case No. 21CV006710; property to be sold by Chris Davis, dba Auction Ohio, Court appointed Private Selling Officer (PSO).

BIDDING WILL OPEN AT 1:00 PM EST ON WEDNESDAY, MAY 15TH, 2024

BIDDING WILL BEGIN TO CLOSE AT 1:00 PM EST ON MONDAY, MAY 27TH, 2024

PROPERTY OVERVIEW

FRANKLIN COUNTY

Parcel Numbers: 075-000015-00 & 075-000014-00

Tax District: 075 - City of Upper Arlington-Dublin

School District: Dublin CSD (SD Income Tax)

The property is a unique mixed-use office and creative use space that is a conversion of the former DeSantis mansion horse stable. The property is currently occupied by multiple tenants with available studio and creative co-working office space. The interior offers a unique work environment with open vaulted ceilings and converted stable offices (studios) with rich, high-quality finishes throughout.

Building Features & Highlights:

Gross Building Area: 26,786 SF

Year Built/Remodeled: 1984/2004

Sprinkler System: Yes

Parking Spaces: 48+ (Expandable on Vacant 0.89 Ac. Parcel)

Restrooms: 5 (1 with Shower)

Electric: 1200 Amp 3-Phase Electric

Green Feature: Solar Panels

Land

                                                      075-000015-00    075-000014-00    Combined

Taxes (2023/Year)    $79,796.30                   $7,419.40                     $87,215.70

Land Area (Acres)        1.47                                      0.89                                    2.36

Improved                            Yes                                          Partial

Zoning                                    ORC                                       ORC

Flood Zone                         None

Maps

AUCTION TERMS & CONDITIONS

A) Pursuant to Franklin County Ohio Court of Common Pleas Civil Division, Case No. 21CV006710, property being sold by Chris Davis, dba as Auction Ohio, Court appointed Private Selling Officer (PSO).

B) By placing the high bid, you are contractually obligated to buy the real estate at the price stated in your bid, plus the 5.0% buyer’s premium.

C) Successful Bidder will be required to sign an Acknowledgement of Successful Bid and Deposit (to be filed with the Court) and tender an earnest money deposit in the amount of 10.0% of the bid price within 24 hours of the close of the auction by electronic transfer. Failure to execute the Acknowledgement of Successful Bid and Deposit and/or tender the earnest money deposit will be in default.

D) Each buyer is responsible for conducting their own due diligence on the property before bidding.

E) The real estate sells in "AS IS" condition. The Seller is making no repairs or giving any concessions.

F) The sale is not contingent upon a satisfactory inspection.

G) The sale is not contingent upon the Bidder’s ability to secure financing.

H) Closing to occur within (30) days of the Court’s approval of Confirmation of Sale.

I) Seller will pay for the preparation of deeds, and real estate taxes will be paid current to the date of the auction.

J) Buyer shall pay conveyance fees, recording fees, title agency closing fees, and title insurance. Buyer shall also be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover.

K) There is a 5.0% (five percent) Buyer’s Premium charged to the Buyer and collected at closing.

AUCTION MARKETED & AUCTIONED BY

Auction Ohio Real Estate

7461 Worthington Galena Road

Worthington, OH 43085

ANY QUESTION, CONTACT: 

Ray Dailey, Realtor®

(614) 325-0064

ray@auctionohio.com