AUCTION
Millpointe Office Park – 126, 127 & 159 Enterprise Path Hiram, GA 30141
34 Individual Office Suites Selling Together!
SELLING ONLINE ONLY
BID DEADLINE: Thursday, February 18th @ 11am EST
PROPERTY DESCRIPTION: Property consists of 34 individual office suites within 5 multi-tenant office buildings. Built in 2001, the gross leasable area is 50,667+/- sf., with 202 parking spaces on a 5.15+/- acre tract. Currently, the suites are only 60% occupied and provide over $300,000 in gross annual income.
Property consists of three Paulding County Tax Parcels:
126 Enterprise Path – Parcel #146.4.3.036.0000
127 Enterprise Path – Parcel #146.3.4.047.0000
159 Enterprise Path – Parcel #146.3.4.078.0000
(Please find individual tax plats under Documents tab)
Unit 401 is under different ownership and is not included in the auction. Unit 401 does pay a common area maintenance fee.
31 of the 34 units have been built out. Units 404, 507 & 509 are still shells and will need building out before leasing. Please click the “Documents” tab for a individual floor plans. Due to confidentiality reasons with the tenant, floor plans for Units 501, 503 & 505 are not available.
INCOME & EXPENSE INFORMATION: Should you want detailed list of expenses and rent rolls, please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com. A confidentiality agreement will need to be signed and returned before the release of any information.
INSPECTION: Public inspection will take place Thursday, February 11th from 11am – 2pm or contact Auctioneer to schedule an appointment.
ONLINE BIDDING: Online registration and bidding will begin on February 8th at 11am EST. Should you rather bid directly to the Auctioneer, auction representatives will be on-site one hour prior to the Auction Bid Deadline to help relay bids directly to the online bidding software.
TERMS: Please find attached document for complete terms and conditions.
BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid. Example: For a high bid of $1,000,000, a 10% buyer’s premium of $100,000 will be added making the purchase price $1,100,000.
DESIGNATED CLOSING ATTORNEY & ESCROW AGENT: Closing will take place at the offices of Weissman, Nowack, Curry & Wilco, 500 Westpark Drive, Suite 150, Peachtree City, GA 30269, Phone: 404-279-4033. In addition, Weissman, Nowack, Curry & Wilco will act as Escrow Agent.
FOR MORE INFORMATION: Please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com or Rick Sammons at 770-490-0798 or rick@bullseyeauctions.com
Bullseye Auction & Appraisal, LLC, 500 Pike Park Drive, Suite F, Lawrenceville, GA 30046 GAL# 2643 GAL# 3575 & GAREFL# 66940
Auction is being conducted in conjunction with Mark Hollan with Lee & Associates.
