Salina Development Land Sealed Bid Offering

Transcription

1 Salina Development Land Sealed Bid Offering OFFER DUE DATE: TUESDAY, AUGUST 8, 2017 by 5:00 p.m., CDT 2755 S. 9th Street, Salina, Kansas Commercial Real Estate Services

2 SEALED BID OFFERING! Salina Development Land Along Salina s Major Retail Corridor 2755 S. 9th Street, Salina, Kansas PROPERTY DETAILS Last large tract of land remaining in the heart of Salina s retail corridor Approx. 9.2 acres (400,752 SF) Over 750 of frontage along 9th Street Zoned A 1, Agricultural 2016 Taxes: $2, U li es: Believed to be available at the site. Traffic Counts: 12,475 vehicles per day along Schilling 10,165 vehicles per day along 9th Street Area na onal retailers include: Sam s Club, Target, Walmart Supercenter, Kohl s, Lowe s, Shoe Carnival, Olive Garden, Applebee s, Aldi, Subway, Buffalo Wild Wings, Wendy s, Rib Crib, Pizza Hut, Five Guys, Tractor Supply, Hampton Inn, Courtyard by Marrio, Best Western Plus, Super 8, and many more! Seller has the right to refuse any and all offers. Sealed Bid Offers Due: Tuesday, August 8, 2017 by 5:00 p.m., CDT For Detailed Informa on Visit: For Information, Please Contact: Grant Tidemann, SIOR, CRE Direct: demann@weigand.com Bradley Tidemann, SIOR Direct: b demann@weigand.com J.P. Weigand & Sons, Inc., 150 N. Market, Wichita, KS

3 J.P. Weigand & Sons, Inc. is pleased to announce it is soliciting offers on vacant land located in Salina, Kansas. Please review the enclosed information containing a brief description of the sealed bid process. If you are interested in this property, please register at to obtain the Due Diligence Materials to include title commitment, existing survey, and Phase I Environmental Report. Please review the Critical Timeline below for relevant deadlines. CRITICAL TIMELINE Detailed Sealed Bid Package Available: Monday, June 12, 2017 Last Date to Submit Offers: Notification of Selected Bidder: Closing: Tuesday, August 8, 2017 by 5:00 p.m., CDT Friday, August 11, 2017 by 5:00 p.m., CDT* Thirty (30) days from a fully signed contract * Please note all dates are subject to change without notice depending upon the availability and/or approval of Seller and Seller s counsel. Additionally, Seller has the right to refuse any and all offers.

4 TERMS & CONDITIONS Offering The property is being offered for sale on an as-is, where-is, with all faults basis. Due Diligence Materials are available in advance for review including title commitment, survey, and environmental report. All submissions will be promptly considered when received. To be considered a valid offer, prospective buyers should submit their offer using the Seller s Real Estate Purchase Contract provided in the Due Diligence Materials. Due Diligence Materials The Due Diligence Materials contain the following information relative to the property: Title Commitment with Exception Copies Survey Real Estate Tax Information Phase I Environmental Report Real Estate Purchase Contract Due Diligence Materials may be obtained by visiting and registering at If you have any questions, please contact the following with J.P. Weigand & Sons, Inc.: Grant Tidemann: Direct: (316) ; tidemann@weigand.com Bradley Tidemann: Direct: (316) ; btidemann@weigand.com Michelle Chastain: Direct: (316) ; mchastain@weigand.com Monday through Friday 9:00 a.m. to 5:00 p.m., CDT. J.P. Weigand & Sons, Inc. will make every reasonable effort to provide all available information necessary to facilitate interested parties in making purchase offers. However, Offerors should not solely rely on the completeness or accuracy of information contained in the due diligence materials or other promotional materials and must base their offer on independent investigations of the due diligence materials provided. Offers and the Seller s Real Estate Purchase Contract To submit an offer, please review and complete the Real Estate Purchase Contract provided in the Due Diligence Materials. Offers should be properly signed and dated by the Buyer. All offers must be received either by mail, facsimile, or to Gusenius Law Office, P.A. as provided below by Tuesday, August 8, 2017 by 5:00 p.m., CDT. Any offers received after this deadline will not be considered. OFFERS ARE TO BE SENT DIRECTLY TO GUSENIUS LAW OFFICE, P.A.: William E. Gusenius Gusenius Law Office, P.A. 120 E. Lincoln Box 328 Lindsborg, KS TELEPHONE: (785) FAX: (785) bill@guslaw.kscoxmail.com Earnest Money The Real Estate Purchase Contract requires an earnest money deposit in the amount of ten percent (10%) of the purchase price. Said deposit shall be in the form of a money order, certified or cashier s funds drawn on a U.S. banking institution, or wire transfer, and made payable to Land Title Services Inc., 136 N. 7 th Street, Salina, Kansas Upon Seller s acceptance of an offer, the earnest money shall be deposited within three (3) business days of a fully signed contract.

5 TERMS & CONDITIONS (Cont.) Development Any development potential of the parcel should be coordinated through Krystal Norris, Development Coordinator with the City of Salina at (785) to determine the Planned Development District (PDD). Acceptance of Offer The Seller reserves the right to a) negotiate further with any individual Offeror at Seller s sole discretion, b) accept or reject any and all offers, c) in the case of multiple, competitive offers, solicit best and final offer and d) request credit information Seller deems necessary to determine, at Seller s sole discretion, the Offeror s ability to perform under the financial obligations of the purchase contemplated. Closing The Real Estate Purchase Contract provides for closing of the transaction within thirty (30) days after the Effective Date. Effective Date The Effective Date of the Contract will be the last date the Contract is accepted and fully executed by Buyer and Seller. Broker Participation Seller agrees to pay J.P. Weigand & Sons, Inc. a six percent (6%) real estate commission based upon the gross purchase price at closing. In the event Buyer is represented by a Broker, J.P. Weigand & Sons, Inc. agrees to share the six percent (6%) commission with co-broker receiving one percent (1%) and J.P. Weigand & sons, Inc. receiving five percent (5%). Such fee will be paid at closing. Phase I Environmental A Phase I Environmental Site Assessment Report has been prepared for the Jack Dooley Estate by GSI Engineering, LLC, GSI Project Number: , dated May 18, 2017 which is included in the Due Diligence Materials hereinabove referenced. The reliance of the Report may be extended to the purchaser of the parcel for a fee of Two Hundred Fifty and No/100 Dollars ($250.00) per relying party.

6 DISCLAIMER A good faith effort has been made to offer a comprehensive view of the property; however, the Seller, J.P. Weigand & Sons, Inc., and their employees, agents, subsidiaries or affiliates, acknowledge that said parties may not have complete knowledge of the physical or economic characteristics of the Property being offered. Accordingly (except as otherwise specifically stated in the Contract), the Seller, J.P. Weigand & Sons, Inc. and their employees, agents, subsidiaries or affiliates, hereby disclaim any warranty, guaranty or representation, express or implied, oral or written, past, present, or future, of, as to, or concerning a) the condition or state of repair of the Property, including, but not by way of limitation, any condition arising in connection with the generation, use, transportation, storage, release, or disposal of petroleum products, toxic or hazardous substances, on and under, above, upon, or in the vicinity of the Property, such as water, soil and geology, and the suitability thereof and of the Property for any and all activities and use which the Purchaser may elect to conduct thereon; b) the extent of any right-of-way, lease, possession, lien, encumbrance, easements, license, reservation, or condition in connection with the Property; c) the compliance of the Property or its operation with any applicable laws, ordinances, or regulations of any government or other body, including without limitation, compliance with any land use, Americans with Disabilities Act, wetland, or zoning law or regulation, or applicable environmental laws, rules, ordinances and regulation, or applicable environmental laws, rules, ordinances and regulations; d) title to or the boundaries of the Property; and e) the physical condition of the Property, including without limitation the structural, mechanical engineering characteristics of the improvements to the Property. Seller has the right to postpone or cancel this sale at any time prior to or during the offering process, without prior notice, in its sole discretion, but not after the execution of the Contract, except as expressly provided herein. The sale of the Property shall be on an AS IS, WHERE IS, WITH ALL FAULTS basis, and Purchaser expressly agrees that Seller, J.P. Weigand & Sons, Inc., or their employees, agents, subsidiaries or affiliates, make no warranty or representation, express or implied or arising by operation of law, including, but not limited to, any warranty of condition, habitability, merchantability, or fitness for a particular purpose, with respect to the Property. Purchasers are buying the Property based on their own investigations, and have conducted such investigation as it has deemed necessary or advisable and that purchasers are not relying upon any representations of Seller or its agents whatsoever. The materials and information concerning the Property contained herein, together with Property brochures, detailed Due Diligence Materials, and any and all other information provided by Seller, J.P. Weigand & Sons, Inc., their counsel and/or their employees, agents, subsidiaries or affiliates, are based in part upon information and materials obtained from sources deemed reliable without independent verification. Offerors shall rely solely on their own independent investigations of the due diligence materials provided. No warranty or representation, express or implied, is made by either Seller, J.P. Weigand & Sons, Inc. and their employees and agents, as to the accuracy or completeness of any or all such information, except as may be expressly stated in the applicable Contract.