Daily Court Reporter - Sheriff Sale - Foreclosures

Legal Notices: 2008 CV 05462


Improved Property

6530 POE, LLC VS. SHOPSMITH, INC., et al.

Montgomery County Common Pleas Court. Case No. 2008 CV 05462

In pursuance of an order issued from Common Pleas Court, within and for the County of Montgomery, State of Ohio, made at the January term thereof 2009, and to me directed, I will offer for sale at Public Auction in the Lower Level Auditorium of the Montgomery County Administration Building, 451 West Third Street in the City of Dayton, Ohio on

Friday, October 16, 2009

at 10 o´clock A.M. of said day, the following Real Estate, to-wit:

Situated in the City of Vandalia, County of Montgomery, State of Ohio and being Lot Numbered 2 Shopsmith Replat, as recorded in Plat Book 174, Page 40 of the Plat Records of Montgomery County, Ohio.

Parcel No. B02 01213 0014

Improved with Improved with 1 commercial building, office park, industrial warehouse, concrete exterior walls, flat roof, 119,945 square footage, on slab, zone O/IP, 7 dock door, 3 entrances supported 100,000 sq. ft. asphalt parking building includes primary storage with separate employee entrance and retail shop entrance for Shopsmith Inc. represents 5.88 acres of industrially zoned warehousing. Shopsmith comprises 40,000 square feet of the 120,000 square feet. Office on 2nd floor comprises approximately 50000 sq. ft. remaining square footage is open warehousing. Plans include two section warehousing for multiple clients warehousing has sprinkler system, 20 ft. ceiling height, and spot heat stations, supportive asphalt parking.

Street Address: 6530 Poe Avenue, Dayton, OHIO 45414-2527

Said property has been appraised at $2,520,000.00 and cannot sell for less than two-thirds of appraisment. This appraisal is based upon a visual inspection of the part of the premises to which access was readily available. The appraisal did not include an examination of the interior of the property. The appraisers assume no responsibility for, and give no weight to, unknown legal matters, including but not limited to, concealed or latent defects, and/or the presence of harmful or said chemicals, pollutants or gases.

Terms of sale: The successful bidder must deposit 10% of the purchase price plus transfer and recording fees immediately following the sale. We will accept cash, certified check or a personal check with proper ID and signed in our presence for the deposit. The personal check must be drawn off of a local bank. If you wish to put the property in a persons name not attending the sale you must have power of attorney to do so. The required 10% deposit is waived where the purchaser is the first lien holder. The unpaid balance of the purchase price must be paid to the Montgomery County Sheriff by certified or cashier's check within thirty (30) days of the filing of the confirmation entry. The plaintiff's attorney will prepare the confirmation entry and the deed. The Montgomery County Sheriff's Office will transfer and record all deeds.

Phil Plummer, Sheriff
Montgomery County, Ohio

Keith A. Kavinsky, Attorney

38 W. Olentangy Street
Powell, OH 43065
(614) 885-9022

Aug 28, 2009 - Sep 11, 2009, 03 Fri

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Property Details (from CAMA)