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Office Building For Sale in Florence, Kentucky

7900 Tanners Gate Lane
Florence, Kentucky 41042

Details

Price: $3,528,000.00
Building Size: 25,200 SF
Lot Size: Approximately 3.449 acres

Description

This message is to inform you that the Court-Appointed Receiver has entered into a stalking horse contract to sell said property for $3,000,000.00 without contingencies. The Court-Appointed Receiver will accept advance bids on the property from qualified bidders in at least $25,000 increments above the Stalking Horse’s contract price by mail or electronic means until 5:00 pm on June 13, 2022. Live auction will be held at 10:30 AM on June 15, 2022 at 7900 Tanners Gate Lane, Florence, Kentucky 41042. Please contact me prior to the auction if you are interested in bidding as only qualified bidders will be permitted to bid at the Receiver’s discretion.

SHOWING AND INSPECTION DATES ARE AS FOLLOWS:

April 5, 2022, 1PM to 4PM

April 20, 2022, 10AM to 1PM

May 3, 2022, 1PM to 4PM

The subject property is a three story, 25,200 SF Class A office building in Florence, Kentucky. The offering is comprised of two-separate tax parcels including the building, asphalt parking lot, and overflow parking lot, which encompasses 168 marked spaces (6.67/ 1,000 SF) situated on approximately 3.449 acres. The property is located in Northern Kentucky, approximately 15 minutes from the Cincinnati/ Northern Kentucky International Airport, with immediate access to I-71/75. The easy accessibility makes it an excellent location for regional businesses searching for a centrally located office. The building location has extraordinary visibility from the interstate creating a unique opportunity for a high level of brand exposure to approximately 145,953 cars per day. The property is being sold as-is, completely furnished with desks, conference tables, chairs, computer equipment, printers, office supplies, etc and is ready for immediate occupancy. This is a great opportunity for owner occupants wanting to grow their business or owner investors looking to occupy part of the space and lease out the rest. Each floor is secured independently via keypad and contains multiple conference rooms, executive offices, open cubicle work spaces, copy rooms, cafeterias/ break rooms/ kitchens, multi-stall restrooms and mechanical rooms. The building also features a dedicated temperature controlled server room with secure keypad entry.

Please note: This property is in receivership and is subject to Order(s) entered in that certain civil action Truist Bank v. Rebel Properties, LLC, et al., Case No. 20-cv-00161 and the information contained herein is believed to be true and accurate, provided, however, no representations or warranties of any kind are made hereby and the recipient hereof is relying exclusively on its own due diligence. Purchaser acknowledges that Receiver is selling the property pursuant to an order of Federal Court and otherwise in accordance with the requirements of applicable including, but not limited to, 28 U.S.C. §§ 2001 et seq., and the Receiver has had no involvement in the development, entitlement or contraction of the Premises. Notwithstanding anything to the contrary, herein contained, Purchaser expressly understands, acknowledges and agrees that the conveyance of the Property shall be made by the Receiver to Purchaser on an “as is, where is” basis, and “with all faults,” and Purchaser acknowledges that Purchaser has agreed to buy the Property in its present condition and that Purchaser is relying solely on its own examination and inspections of the Property and not on any materials or information (including but not limited to any environmental reports, investigations, or assessments) furnished or statements or representations made, by Receiver or any agents or representatives of the Receiver, expect as otherwise specifically set forth herein. Purchaser hereby acknowledges that, except as otherwise specified herein, Receiver makes no warranty or representation, express, or implied, or arising by operation of law, including but not in any way limited to, any warranty condition, habitability, merchantability, or fitness for a particular purpose of the Property or any portion thereof, or with respect to the economical, functional, environmental, or physical condition, compliance with all applicable laws, ordinances and regulation, or any other aspect, of or affecting the Property. As required by KREC regulations, let it be known that the Receiver, Mark Rubin, is also the licensed Broker for Urban Groupe, the listing company for the Property.

Commission to selling office is contingent upon the completion of Receiver’s Buyer Broker Registration Form as further described therein.