B & B Rental Barn & Self Storage Real Estate Auction

551 B & B Rental Barn & Storage1B & B Rental Barn & Self Storage 25%Date: Saturday, March 12, 2016 at 12:00 PM MST

Location: 7 Barboa Rd, Belen, NM 87001

Sale Type: Live Public Auction – Theater Style

Number Of Sale Rings & Types Of Bidding:

  • Ring # 1 (Online Absentee, Onsite Bidding, Live Bidding) – Lots 1 –  

3 Bidding Options:

  1. Attend Auction
  2. Online Absentee Bidding (absentee bids are downloaded and brought to Live Auction, ALL absentee bids MUST be submitted by Friday, 10:00 PM)
  3. Live Internet Webcast via Live Auction World – 3% Additional Fee for this service

Note:Prior to Online Absentee Bidding (Bentley’s Website) OR Live Internet Bidding (Live Auction World), each bidder will be required to submit a complete Credit Card Authorization Form for each auction.

Featuring: The B&B Rental Barn & Self Storage consists of three separate buildings on .52 acres or 22,651+/- square feet. Here is a breakdown of the number of units and sizes…

4 – 10’x10′

8 – 10’x15′

7 – 10’x20′

2 – 10’x15′

6 – 5’x10′

6 – 5’x15′

[embpicasa id=”6255713347525135857″]

Real Estate Information: All information was derived from the Valencia County Assessor’s Office.

Account: R079362

Location:

Parcel Number 1-007-029-233-322-000000
Tax Area BN02_NR – BN02_NR
Situs Address 7 BARBOA RD
Legal Summary S: 7 T: 5N R: 2E MAP 97 TR. 46-A .52 AC. BELEN SELF STORAGE

Assessment History:

Actual Value (2015) $92,607
Primary Taxable $30,869
Tax Area: BN02_NR    Mill Levy: 26.981000
Type Actual Assessed SQFT
Non-Residential Land $51,645 $17,215 22651.000
Non-Residential Improvement $40,962 $13,654

Tax History:

Tax Year Taxes
*2016 $1,009.48
2015 $1,009.48

* Estimated

GIS:

gisPicture

Auction Notes: This is a great income producing property situated off North Main Street.

Notice to Purchasers:

Auctioneer’s Disclaimer: All information contained herein was derived from reliable sources believed to be correct, but not guaranteed and should be independently verified. Bidders shall rely entirely on their own judgment & inspection. Announcements from the Auction Block take precedence over any previously printed material or any other oral statements made. Albuquerque Properties, LLC & Bentley & Associates reserve the right to make changes to auction bidding procedures, start times, bidding increments and other necessary changes to facilitate auction in a timely and efficient manner. All registered bidders will be notified of any changes. Albuquerque Properties, LLCand Bentley & Associates, LLC will be acting exclusively on the behalf of the Seller in this transaction.

Buyer’s Premium:  A ten percent (10%) “Buyer’s Premium” will be added to the high bid price to determine the Total Contract Price (High Bid + Buyer’s Premium = Total Contract Price)

Terms of Sale: Bidder’s are required to bring a $ 5,000.00 Cashier’s Check made payable to themselves which will be presented at registration on Auction Day. Cashier’s Checks of non-winning bidders will be returned on auction day. Closing will take place on or before Tuesday, April 12, 2016 (thirty days).

Inspection of Property: Potential Bidders are invited and encouraged to thoroughly inspect the property prior to attending the auction. The property is being sold on an “AS IS, WHERE IS” basis with No Warranties or representations either expressed or implied, being made by the Seller, Albuquerque Properties, LLC or Bentley & Associates, LLC. or any of their respective their agents. Bidders are strongly encouraged to perform necessary due diligence prior to attending the auction. To schedule a tour, please contact Jim Shull with Albuquerque Properties, LLC at 505.269.2952.

Possession: Possession of the property will at closing and funding of the sale and ownership transfer accomplished by Special Warranty Deed.

Title Insurance & Closing Costs: Seller shall provide the Buyer with a commitment for title insurance showing merchantable title. The cost of the title policy shall be the responsibility of the Buyer.  Customary closing costs will be shared equally between Buyer and Seller.

Buyer’s Broker Terms: A 2.0% Buyers Broker Commission based upon the High Bid will be paid to any properly licensed real estate broker whose Bidder successfully purchases and closes on the subject Property. The Buyers Broker must complete a Buyer’s Broker Registration Form and return it to the Auctioneer no later than 48 hours prior to the auction on Saturday, March 12, 2016. A copy of the Buyer’s Broker Registration Form is available at www.bentleysauction.com or by contacting the Auctioneer at 505.344.1812 ext 101. Visit bentleysauction.com for details & mandatory pre-registration requirements

Sale Currency: United States Dollars – USD

Inspection:

  • Friday, March 11, 2016 8:00 AM – 5:00 PM MST

Media

     
 Click for Video    Catalog
View Items