Absolute Auction To The Highest Bidder "Columbia" 2 - Flex Condominium Units Drive-in & Dock Loading, On-Site Parking

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Listing Details

Sold Price
$2,525,000
Auction Date
Auction Time
11:00 AM
Address
6798 Oak Hall Lane, Units A2 and C, Howard County, MD, 21045
County
Howard County
Neighborhood
Columbia
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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★ ABSOLUTE AUCTION ★
To The Highest Bidder - Regardless of Price
                    
COLUMBIA

2 - Industrial/Commercial
FLEX CONDOMINIUM UNITS
Drive-in & Dock Loading ◆ On-Site Parking

Sold: $875,000
Unit A2 – 7,137 Square Feet

Sold: $1,650,000
Unit C – 16,644 Square Feet

Sale On Premises
6798 OAK HALL LANE
Off Oakland Mills Road - Near Post Office
Howard County, MD 21045

THURSDAY, MARCH 28, 2013
AT 11:00 A.M.


NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions, square footage and acreage contained herein are more or less.  Building area mentioned is gross building area.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION & DIRECTIONS:

6798 Oak Hall Lane is situated east of US-29, west of I-95, south of MD-100 and North of MD-32, within the Seiling Business Park, in the Columbia I-95 Corridor.  The site has excellent access to all four major highways providing an easy commute to Washington, DC, Baltimore and Annapolis, MD.  The Columbia Post Office (21045) is located one block south of the building on Oak Hall Lane.  The location is ideal for office, retail, assembly and distribution.

Photos of auction property
STREET SCENE PHOTO #1    PHOTO #2    PHOTO #3

 

For directions from your location, visit: maps.google.com

 

SITE AREA

The property comprises 2.75 acres situated along the west side of Oak Hall Lane, north of Dobbin Road.  The site is landscaped.  Walkways have wheelchair access.  The property has good curb appeal and is well lit.
Photos of auction property


Utilities - Public water, public sewer, natural gas, electricity, telephone
Photos of auction property


Parking - Asphalt paved surface parking for approximately 98 vehicles
Photos of auction property


FDMA Flood Map Panel No. 240044-0039-B - Zone C, beyond the 100-year flood plain


Zoning - M-1, Light Manufacturing, link for zoning code:
HOWARD COUNTY ZONING REGULATIONS (pdf)


SITE PLAN (pdf)

 

IMPROVEMENTS

One story masonry flex industrial building, comprising approximately 34,534 square feet.  The building was originally constructed in 1981 for Harland Check Printers and was renovated in 1989 and 2008.  6798 Oak Hall Lane has been divided into five condominium units.  Three have been sold.  The building has commons areas which include an electrical room and sprinkler room.


Exterior
Brick veneer and EFS (Dryvit-type surface) over concrete block
Built-up roof over metal decking, 20 year roof, 4" insulation


Interior - units to be sold
Concrete floors - 8" slab
Unfinished ceilings with limited florescent lighting
Roof mounted gas forced air and air conditioning
Storefront entrances with bulkhead for signage
Rear loading
Wet fire suppression sprinkler system
Separate utility meters
Electrical service - rated 277-480 volts, single and three-phase 200 amperes
Interior ceiling heights - 14' to 16'


Unit A2 - Howard County Tax Account No. 16-219908
Situated near the front of the building, unit A2 comprises 7,137 square feet, has a front pedestrian door, a rear pedestrian door and a rear overhead drive-in door.
CONDOMINIUM PLAT (pdf)


Unit C - Howard County Tax Account No. 16-219924
Unit C is located in the rear of the building and comprises 16,644 square feet, with three front pedestrian entrances, three rear pedestrian doors, one loading dock with overhead door and two overhead drive-in doors.
CONDOMINIUM PLAT (pdf)


Typical Interior Photos
Photos of auction property
PHOTO #1    PHOTO #2    PHOTO #3    PHOTO #4    PHOTO #5



TITLE & CONDOMINIUM DOCUMENTS:

The condominium units are sold free and clear of all liens.

 

REAL ESTATE TAXES

Published annual real estate taxes for 2012-2013 are:
Unit A2 - $17,902.43, based on the full value tax assessment of $1,295,400
Unit C - $33,351.81 based on the full value tax assessment of $2,413,300


Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property.  Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
http://www.dat.state.md.us/sdatweb/appeal.html

 

INSPECTION TIME

The property is available for inspection by appointment with the Auctioneers - telephone 410-296-8440 or email info@ajbillig.com.  The building will be open at 10:00 a.m. on the day of auction.

 

TERMS OF SALE

Unit A2  required deposit $25,000

Unit C    required deposit $50,000


Deposits as stated above, payable by certified check or cashier's check, will be required of the Purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's office.  Balance to be paid in cash at settlement, which shall take place within 45 days.  If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the Purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement.  All adjustments, including taxes, condominium fees, all other public charges and assessments payable on an annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the Purchaser.  The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration, By-Laws, rules and regulations of 6798 Oak Hall Lane Condominium.  Purchaser assumes the risk of loss from the date of sale forward.  The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Seller is unable to convey good and marketable title, the Purchaser's sole remedy in law or equity shall be limited to the refund of the deposit.  Upon refund of the deposit this sale shall be null and void and of no effect, and the Purchaser shall have no further claim against the Seller or Auctioneers.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser.  Time is of the essence.


No buyer's premium.

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.