153,000 SQ. Ft. Industrial Manufacturing Plant Auction

Auction Type
Live & Online
Friday, June 28, 2019
Auction Time & Date
3:00 PM
Start At:
Auction Location
8820 East Ave., Mentor, OH 44060

Auction Details


PUBLIC AUCTION: Friday, June 28th at 3:00PM. Name your own price. Do not miss this amazing opportunity. The Owner has retired and is motivated to sell all the assets and the building. The contents of the building will be sold at a 2 Day auction on Thurdsay, June 27 and Friday June 28th at 10:00AM both days. The building will be offered for auction on Friday, June 28th at 3:00PM. Mag-Nif, Inc. is an in Injection Molding Manufacturing Facility. Multiple expansions of building have occurred from 1963 to present. Warehouse additions occurred in 1994 (40,062 SF), 1995 (11,731 SF), and 2002 (21,085 SF) including previous existing office/manufacturing areas (77,006) improvements and remodeling during the 1990's. Heavy electrical power is brought to property, specifically 1200 amp, 480 Volt, 3-Phase power. Oil/Gas well is included with sale with all mineral right offered in purchase. Addition built in 2002 has standard fire suppression with 22' clear height ideal for rack storage. Remaining clear heights range from 20' to 14' in warehouse and manufacturing areas. Mentor, Ohio is ranked 7th in manufacturing in the State with a strong manufacturing workforce and pro-business community. Incentives and abatements are offered to new manufacturing businesses moving to Mentor, Ohio to promote business. 10% Buyer's premium on Real Estate.

 

Seller will sell all contents and remove machinery, racking, and assets per agreed time frame. Seller is retiring and motivated to sell. Pre Offers on this property are welcomed and will be submitted immediately to Seller for review. Participating Buyer's brokers are welcome. Mentor, Ohio is ranked 7th in manufacturing in the State with a strong manufacturing workforce and pro-business community. Incentives and abatements are offered to new manufacturing businesses moving to Mentor, Ohio to promote business.

Preview Date: 
Friday, June 28, 2019
Preview Time: 

For more information, please contact 216.496.4444

2616 S. Green Rd. Beachwood, Oh  44122 | (216) 990-1831 | srosen@bidrosen.com

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