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Attention Income Investors
Real Estate Auction – Owner Retiring Due To Health Reasons
Selling Storage Unit Buildings – Three Different Locations With Room To Expand At Each – All Built By Owner – All Erie Co., PA – 180+ Units Total
Auction #1 – 8901 Wattsburg Rd. (SR 8), Erie, PA 16509. Directions: Take SR 8 just south of I-90 1.6 miles to property. Two buildings on 1 acre 63 units total. Sells at 5:00 PM on location.
Auction #2 – 12071 US Rt. 6, Corry, PA 16407. Directions: Take US Rt. 6, 7 miles east of Union City or 4 miles west of Corry to property. Two buildings on 4 acres 90 units total. Sells at 6:30 PM on location. Also selling contents from this location.
Auction #3 – Concord Rd., Union City, PA 16438. Directions: From Main St. (Rt. 6 & 8) in Union City take Rt. 178 (Concord Rd) east of town 1.5 miles to auction. One building with 30 units. Sells from Auction #2 location at 6:30 PM
Also Selling: Contents of Four Units

Absolute auction, all sells to the highest bidder on location.

8901 Wattsburg Rd Union City, PA 16438

Monday, September 23, 2019   Chattel: 5:00 PM    -   Real Estate: 5:00 PM

Directions
Take SR 8 just south of I-90 1.6 miles to property.Two buildings on 1 acre 100 units total. Sells at 5:00 PM on location.
Monday – September 23, 2019 – 5:00 PM & 6:30 PM

Auction #1 – 8901 Wattsburg Rd. (Rt. 8), Erie, PA – Two buildings approx. 15 years old – Building A is 30’W X 170’L 5,100 sq. ft. – 36 units mixed as follows: (11) 10’ X 20’ $89.99/mo, (10) 10’ X 15’ $79.99/mo, (6) 5’ X 10’ $59.99/mo, (8) 10’ X 10’ $69.99/mo, and one 10’ X 30’ $129.99/mo. Building B is 20’ X 170’ 3,400 sq. ft. – 27 units mixed as follows: (8) 10’ X 15’ $79.99/mo, (5) 10’ X 20’ $89.99/mo, (10) 10’ X 10’ $69.99/mo, (4) 5’ X 10’ $59.99/mo – one acre all gravel with Geo textile fabric under gravel. Sewer available behind property, no assessments currently. Electric to property but not being used based on current rents at 100% occupancy for 12 months. Gross income would be $57,000+/annually.


Auction #2 – 12071 US Rt. 6, Corry, PA 16407 – Two buildings approx. 20 years old – Building A is 30’W X 170’L 5,100 sq. ft. 37 units mixed as follows: (6) 5’ X 10’ $49.99/mo, (8) 10’ X 10’ $59.99/mo, (14) 10’ X 15’ $69.99/mo, (8) 10’ X 20’ $79.99/mo, (1) 10’ X 30’ $119.99/mo. – Building B is 30’W X 230’L 6,900 sq. ft. 53 units mixed as follows: (12) 5’ X 10’ $49.99/mo, (12) 10’ X 10’ $59.99/mo, (16) 10’ X 15’ $69.99/mo, (12) 10’ X 20’ $79.99/mo, (1) 10’ X 30’ $119.99/mo – 4+ acres with room to expand, all gravel drives around buildings, electric hooked up but not in use. Steel frame for billboard goes with. Also two semi storage trailers. Based on current rents at 100% occupancy for 12 months gross income would be $72,000+/annually. Contents of several units sell at this location.

Auction #3 – Concord Rd., Union City, PA 16438 – One building 30’W X 133’L 3,900+ sq. ft. 30 units mixed as follows: (6) 5’ X 10’ $49.99/mo, (6) 10’ X 10’ $59.99/mo, (10) 10’ X 15’ $69.99/mo, (6) 10’ X 20’ $79.99/mo, (1) 10’ X 13’ $64.99/mo, (1) 20’ X 13’ $119.99/mo – 5 acres – room for expansion, gravel drive all around – approx. 20 years old. Based on current rents at 100% occupancy for 12 months gross income would be $24,000+/annually. THIS PROEPRTY TO BE SOLD FROM AUCTION #2 LOCATION.


Note: Buildings at all three locations were built to same specs. All metal siding and metal standing seam roofs, insulated ceilings, concrete floors with 12” X 12” poured monolithic edges with rebar throughout. All buildings have space available. Taxes will all be prorated to closing. Electric available at all locations but not being used. No utility expenses.

Chattel Auction: Selling contents of 4 units at Auction #2 location and one at Auction #3 location. The entire contents of each unit will be sold for one money. Also contents of two semi trailers to sell. Doors open at 5:00 PM to look. Contents sell following real estate.

Individual Items Selling: Gravely walk-behind tractor with snow blade, snow blower, brush hog, & tiller - 4 person 2-horse buggy

Note: All one-owner properties built by seller. Owners retiring after many successful years in business. Registration starts at 4:00 PM at Auction #1 location. 5:00 PM at Auction #2 location.

Terms and Conditions:
10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price, which goes to the seller. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.
Driver’s license or State ID required to register for bidder number. Cash, Check, Debit Card, Visa, or Master Card accepted. 4% buyer’s premium on all sales; 4% waived for cash or check. Information is believed to be accurate but not guaranteed. Multi Par auction process may be used.
Frank and Mary Loomis

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Auctioneer/Realtor: Rudy W. Kiko
Email: rudykiko@kikocompany.com
Office: 330-455-9357 ext 117
Mobile: 330-540-2416
Fax: 330-453-1765
Auctioneer/Realtor: Russell T. Kiko Jr. C.A.I.
Email: rustykiko@kikocompany.com
Office: 330-455-9357 ext 115
Mobile: 330-495-0923
Fax: 330-453-1765

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