Name 1842 College Parkway
Auctioneer Stremmel Auctions
Date(s) 6/27/2019
Thursday, June 27th, 2019. 11 am.
Preview Date/Time To have the property shown with a representative, please email hudson@stremmelauctions.com.
Checkout Date/Time Immediately following the auction.
Location 1842 College Parkway
Carson City, NV 89706
Buyer Premium There will be no buyer's premium
Description
By Order of the United States Bankruptcy Court, Stremmel Auctions and Real Estate will be selling 0.96 acres of commercial land located at 1842 College Parkway in Carson City, Nevada. The live auction will begin at 11 am pt on June 27th, 2019. The winning bid will be subject to court approval.
Auction Terms & Conditions 1. BIDDER REGISTRATION a. All bidders must be approved and registered for the auction prior to 10:45 am PT, June 27th, 2019. Required for registration will be a valid government-issued photo identification card, signed and executed terms and conditions sheet and cashier's check in the amount of $5,000 made payable to "First Centennial Title Company." Once all requirements are complete, a paddle number will be assigned for bidding. 2. SUCCESSFUL BID a. The successful bid on the property is subject to court approval and overbid. A court date is mandatory to confirm the purchase of the sale of the property. Once approved by the court, the property will close escrow within 30 days of acceptance of bid. Trustee reserves the right to extend or cancel the escrow under and circumstance. b. Bidder is agreeing to close on the property upon acceptance of successful bid. If bidder is not willing to close on the property for any reason, bidder should not bid. If the bidder is wanting to complete an inspection of the property or gather additional information but has not done so by the time of the auction, the bidder should not bid. c. Immediately following the auction, the successful bidder will enter into a contract with the buyer for the bid amount declared by the auctioneer. This is binding and obligates Buyer to purchase the property AS-IS-WHERE-IS and WITHOUT CONTINGENCIES. Escrow will immediately open and will remain open until confirmation from the court. 3. NO CONTINGENCIES a. Buyer acknowledges that the transaction is not subject to any contingencies including inspection of the property, financing or financial contingencies, or any other contingency. The Property will be sold AS-IS and with NO WARRANTIES WHATSOEVER, EITHER EXPRESSED OR IMPLIED. Buyer understands that by participating in the auction, the Trustee, Auctioneer, Stremmel Auctions & Real Estate and Stremmel Auctions can be and will be injured if Buyer lacks sufficient funding or fails to do necessary due diligence and inspection of the property and its value, resulting in loss of resources used to market and advertise property and expenses to conduct the auction. Buyer agrees that there are solely responsible for verification of all information and any legal descriptions of property. 4. PURCHASE AND SALE AGREEMENT a. The successful bidder shall execute the Industrial Land Offer and Acceptance Agreement and Stremmel Auctions Joint Escrow Instructions immediately after being the successful bidder by the auctioneer at the auction on June 27th, 2019. Successful bidder agrees to execute purchase documents the same day as being deemed the successful bidder. Copies of said agreement are available prior to auction day for review and are made available by emailing hudson@stremmelauctions.com or calling (775) 997-3612. On the day of auction, no modifications to the agreement will be accepted. The balance of the purchase price will be "ALL CASH" and any and all taxes, rents, insurance and interest on encumbrances will be prorated to close of escrow. Escrow fees will be shared, one half by seller, one half by buyer, each to pay own fees. 5. DEPOSIT AND CLOSING a. Upon being deemed the successful bidder at auction, a cashier's check in the amount of $5,000 dollars will be immediately deposited into escrow with First Centennial Title. If for whatever reason the successful bid at auction is not approved by the court, the deposit will be returned in its entirety to the bidder immediately upon the court's decision and no longer than 10 days after. If the bid is accepted and the buyer fails to complete the purchase of the property, the deposit is forfeited. At that time the property maybe resubmitted to auction at buyer's expense for fees associated with the auction OR will be subject to full legal and equitable relief as deemed appropriate. Once the court approves the sale, the balance will be paid in "ALL CASH" and close within 30 days of the acceptance. 6. RELEASE OF LIABILITIES a. The property is offed AS-IS-WHERE-IS and WITH NO WARRANTIES WHATSOEVER, EITHER EXPRESSED OR IMPLIED. All information is gathered from sources deemed trustworthy and has not been independently verified by Trustee or Auctioneer. The accuracy of the information is not warranted in anyway. Any documents and or pictures posted on www.stremmelauctions.com, loopnet.com or any other advertising material are for information purposes only and are to be verified by the buyer and associated parties prior to the sale and not to be held against the Trustee, Auctioneer, Stremmel Auctions and Real Estate or Stremmel Auctions. Neither the Trustee, Auctioneer, Stremmel Auctions and Real Estate or Stremmel Auctions make any representation or claims regarding hidden defects, known, unknown or should have been known, environmental concerns affecting the property or portion of the property, contamination, square footage, zoning, site map specifications or utilities. The buyer, or any associated or disinterested parties, fully and completely release the Trustee, Auctioneer and Stremmel Auctions and Real Estate and their respective employees, associates, directors, and agents from any and all claims that the buyer may now know or have or acquire in the future against seller for any cost, loss, liability, damage, expense, demand, action or cause of action arising from or related to any construction defects, errors, omissions or other conditions. 7. BROKERAGE AGREEMENT a. A Real Estate Agent or Broker who(a) registers a client with the Auctioneer the day of the sale (b) attends the Auction with his/her client and (c) signs the "Brooker Cooperation Agreement" before the auction will receive 2.5% of the total commission awarded by the Court to the Seller's Broker. THERE WILL BE NO EXCEPTIONS TO ANY OF THE ABOVE PROCEDURES. In the event his/her client becomes the successful bidder, and closes escrow, the commission will be paid at that time, and no longer than 15 days from the date escrow closes. A real estate licensee or broker who buys as a principal will not be entitled to share in the commission. --------------------------------------------------------------------------------------- Sebae Data Solutions, Inc. SERVICE TERMS AND CONDITIONS ACCEPTANCE OF TERMS Sebae Data Solutions, (the makers of Auction Flex & HiBid (formerly Bidopia) hereafter referred to as "Sebae"), provides its service to you, subject to the following Terms & Conditions ("TAC"), which we may update from time to time without notice to you. The most current version of the TAC can be found found at any time by visiting the link: http://www.auctionflex.com/showtandc.ap USE AND REGISTRATION Our services are available only to, and may only be used by individuals who can form legally binding contracts under applicable law. Without limiting the foregoing, our services are not available to children (persons under the age of 18) or to temporarily or indefinitely suspended members. If you are under the age of 18, you can use this service only in conjunction with, and under the supervision of your parents or guardians. If you do not qualify, please do not use our service. If you are registering as a business entity, you represent that you have the authority to bind the entity to the TAC. REGISTRATION OBLIGATIONS In consideration of your use of the Service, you agree to: (a) provide true, accurate, current and complete information about yourself as prompted by the Service's registration form (such information being the "Bidder Information") and (b) maintain and promptly update the Registration Data to keep it true, accurate, current and complete. If you provide any information that is untrue, inaccurate, not current or incomplete, or Sebae has reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, Sebae has the right to suspend or terminate your account and refuse any and all current or future use of the Service (or any portion thereof).  DESCRIPTIONS OF SERVICE Sebae provides the following services under the Auction Flex & HiBid trademarks: Integrated Web Service (for auctioneers), internet bidding (absentee, online-only, & webcast). You can learn more about these services in the following sections. HIBID INTERNET AUCTION PLATFORM & WEB SERVICE DESCRIPTION Sebae provides the HiBid (formerly Bidopia) Internet Auction Platform & Web Service ("HWS") under the HiBid trademark as a software solution for auctioneers wishing to extend the audience of their live auctions to the internet. The HWS provides various features including internet absentee bidding, internet-only auctions, and webcast auctions.  The HWS is able to changes its appearance to coincide with the website that it is powering. Accordingly, the HWS powers the www.hibid.com website as well as numerous Auction Flex customer websites. This ability to change appearance is a feature of the HWS. Much like internet merchant account providers can host a secure web page for a vendor to easily process payments, the HWS hosts certain portions of the auctioneer's website to easily enable advanced features such as internet bidding.  INTERNET ABSENTEE BIDDING Internet absentee bidding allows you to place a bid for an item in advance of an auction. This allows you to place bids on lots without actually attending the auction. INTERNET-ONLY AUCTIONS Internet only bidding allows you to place a bid for an item prior to the auction lot closing online. In an internet-only auction there is no live auction. WEBCAST AUCTIONS Webcast auctions allow you to bid in real-time against other bidders or place pre-bids prior to a lot going "live". Lots are sold in accordance with the Auctioneer's terms and conditions which are accessible from each lot's page. It is your responsibility to read and accept the Auctioneer's terms and conditions prior to placing your bid. When you place a bid you are agreeing to be bound by the Auctioneer's & Sebae's terms and conditions. By placing a bid you are entering into a legally binding and enforceable contract. Please keep in mind that you are bidding against other internet bidders as well as floor bidders, phone bidders, and regular absentee bidders (this list does not constitute a complete list of bidder types but does highlight the common bidder channels). The auctioneer, at their discretion, can approve or deny bidders. The auctioneer reserves the right to accept or deny bidders for any reason. Prior to approval the auctioneer may contact you to determine your credit worthiness. If the auctioneer approves your bid, the auctioneer will then process your bid in accordance with their terms and conditions. Should your bid for a lot prove successful, the auctioneer may contact you to arrange for payment & shipping (if applicable). If the auctioneer required registration via a credit card, the auctioneer reserves the right to process your winning bids to the credit card provided during registration. Sebae, through the Auction Flex & HiBid products & services, facilitates the internet bidding process between the Auctioneer & the bidder. Sebae is in no way a party to the transaction. Because Sebae is not a party to the transaction, you accept that you will have no claim or cause of action against Sebae in respect of the sale (or non-sale) of any Lot. If you have a dispute with an Auctioneer or another user of the Service with regard to the sale (or non-sale) of any Lot you agree that Sebae, its officers, agents, employees will not be liable for losses (including, but not limited to, loss of profits, special loss, indirect loss and consequential los), costs, damages, liabilities, claims, demands and expenses of any kind arising out of or connected with such dispute. You also accept that none of the aforementioned are under any obligation to take any action to resolve any dispute between you and an Auctioneer Sebae is not responsible for any typographical, pictorial or technical errors in information about Lots on the Site as provided by Auctioneers. Sebae does not evaluate Lots and does not act as a specialist or expert on any related subject matter. Sebae makes no warranties or representation of any kind or nature with respect to Lots (including but not limited to representations or warranties as to the accuracy of description, genuineness, quality, authorship, attribution, provenance, period, culture, source, origin or safety). If you have any questions, e-mail the Auctioneer directly. In particular, make sure that you understand the Auctioneer's payment terms and shipping terms. BIDDING The Service requires you to login with your username and password prior to placing a bid on a Lot. Making bids with false information or with stolen credit card information is prohibited and illegal. Your user name and password are required in order to place internet bids. Making bids in a false name or with an invalid or stolen credit card is prohibited. Each bid carries the computer coding of the Internet provider which allows the individual user to be traced and Sebae may at its discretion release this information to enable legal action to be taken. Sebae may, in its entire discretion, refuse or remove bids where it suspects that bids contravene this prohibition. By placing a bid, you are making a binding and irrevocable offer to purchase the Item at any price up to the maximum bid amount you submit. If you win, you must complete the transaction, subject to any contractual right or other right at law to rescind the contract in certain circumstances. Failure to complete transaction without lawful reason is not only a breach of your contract with the Seller but also a breach of this User Agreement. The amount bid can be increased but cannot be decreased. The auctioneer may, at their discretion, allow you to withdraw and resubmit a bid in the case of bids containing an obvious typographical error. You may forward a request to withdraw a bid and resubmit a correct bid by immediately sending an email to the auctioneer, however, there is no guarantee that any bid will be withdrawn. Although Sebae will use best efforts to forward all bids, Sebae does not accept any responsibility for lost bids or problems with the recipient auctioneer's ability to process your bid. Moreover, Sebae cannot guarantee that bids received will be processed by the individual auctioneers. Please note that Sebae's role is limited to the provision of the Site for dissemination and publication of information provided by the Sellers. THE WINNING BID The winning bid in an auction will be the highest bid that exceeds any reserve (if a reserve exists). In the case of equal bids, the earliest bid received will be the winning bid. If a higher bid is subsequently withdrawn or removed then the auctioneer shall have the right to accept the next highest bid. NOTICE OF END OF SALE, PAYMENT & SHIPPING After the sale has ended, the auctioneer will notify the winning bidder via phone, fax or mail that they have won. If you do not receive notice that you have made the winning bid and think that you are the top bidder, you should check with the auctioneer directly. You will make all payment for Items to the auctioneer in accordance with their terms and conditions. BUYER'S PREMIUM, TAXES AND DUTIES If you are a successful bidder, you are responsible for paying any buyer's premium, taxes and duties (including any VAT, sales tax and import duties) that may be imposed on the final price paid for an Item. Accordingly, it is your responsibility to check the applicable taxes and duties that may be imposed on an Item prior to bidding for it. PRIVACY We do not sell or rent your personal information to third parties for their marketing purposes without your explicit consent and we only use your information as described in the Privacy Policy. 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Sebae makes no warranty that (i) the service will meet your requirements, (ii) the service will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of the service will be accurate or reliable, (iv) the quality of any products, services, information, or other material purchased or obtained by you through the service will meet your expectations, and (v) any errors in the software will be corrected. c. Any material downloaded or otherwise obtained through the use of the service is done at your own discretion and risk and that you will be solely responsible for any damage to your computer system or loss of data that results from the download of any such material. d. no advice or information, whether oral or written, obtained by you from Sebae or through or from the service shall create any warranty not expressly state in the TAC. LIMITATION OF LIABILITY You expressly understand and agree that Sebae shall not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if Sebae has been advised of the possibility of such damages), resulting from: (i) the use or the inability to use the service; (ii) the cost of procurement of substitute goods and services resulting from any goods, data, information or services purchased or obtained or messages received or transactions entered into through or from the service; (iii) unauthorized access to or alteration of your transmissions or data; (iv) statements or conduct of any third party on the service; or (v) any other matter relating to the service. EXCLUSIONS AND LIMITATIONS Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. 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Currency USD
Buyer Premium There will be no buyer's premium
Payment Terms
A cashier's check in the amount of $5,000 made payable to First Centennial Title is required to bid. The sale will be all cash once after court approval.