726 10th Avenue South, Great Falls MT 59401 (Cascade County)
Auction: Lender Owned Auction of Retail & Industrial Properties in WA & MT

Closing Deadline: September 18, 2017

Inspection: Tuesday, August 1 & Monday, August 7 at 11:00 AM MT SHARP

Sale Manager: J.K. Kinsey, 406-772-5812,  jk.kinsey@kinseyauction.com

 

Property Description: Former Hastings Entertainment store, built in 2004, the concrete block with stucco finish structure is fully sprinklered. Zoned GC - General Commercial. The Cascade County parcel number that identifies the subject property is 823800. All utilities available to the site. Two curb cuts from 10th Avenue South access the common parking lot shared with other tenants in the retail center. 76+- marked spaces are on the property to be sold, and another 34+- are on the adjoining tract. Please see Easement and Restriction Agreement regarding parking lot.

 

An April 2004 Phase 1 Environmental Report revealed no evidence of environmental conditions likely to warrant mitigation.

 

Inventory list of chattels
2- 24’ metal book/video shelving units
1-20’ metal book/video shelving unit
13-16’ book/video shelving unit (white)
1—20’ book/video shelving w/glass enclosure on one side
1- customer service stand
1-6’ CD Shelving unit w/2 end caps
1-40’ lighted glass front shelving unit
1-12’ lighted glass front shelving unit
2-24’ wire shelving unit
5-square slot racks
4-room spacers
55- boxes of poly video cases
1-44’ wire shelf rack
2-12’ wire shelf rack
1-8’ lighted case
1-16’ wire lighted case
1-customer service center
1-8’ glass front locking case (large)
3-34’ slanted book islands (black metal)
1-18’ wire rack shelving
1-20’ wire rack shelving
1-22’ double sided metal book shelf
1-40’ metal 6 shelf book shelf
1-40’ metal double sided book shelf
1-2 station customer service station
7-300’ double sided metal book shelves
1-32’ metal double sided slanted video holder
1-expresso bar point of sale counter
Senso matic Anti theft system
60’ black fencing
1-8’ card rack
3- double check out islands
1-single customer service counter
1-8’ slot boards
3- metal 2 drawer file cabinets
cleaning tools
Glass front lockers
exterior sign lettering

 

Auction Conducted in Conjunction & Cooperation with:

Kinsey Auctioneers & Real Estate, Real Estate License Number RRE-RBS-LIC-32403

 

 

 

Terms:  Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close by September 12, 2017.  Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.

 

All of the properties sell individually as "lots" however they are all tied together by the auction clock. We will set a bid deadline for all of the assets. Once we get within 5 minutes of that bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window.

 

This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "Live Auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid.

 

With that in mind, don't wait out the bid until the last second, as it can put you at risk for not getting your bid in before the 5-minute clock runs out.