REAL ESTATE AUCTION

MEDIAPOLIS, IOWA
411 North Division and 417 North Division
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MONDAY, SEPTEMBER 22, 2008 AT 5:02 P.M.

THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER!

 
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TWO COMMERCIAL BUILDINGS SELLING AS ONE PARCEL

BUILDING #1:

40'X64' metal clad building with concrete floor of which 40' is shop area with drain and 24' wash area with drain.

Office and bathroom with electric heat.

Hanging gas forced air furnace in shop areas.

Two 12'x16' overhead doors with openers.

BUILDING #2:

36'X48' metal storage building has concrete floor and loft area.

100 amp electric service.

* Buildings zoned I-1 (Light Industrial). * City water and city sewer.

TERMS: 20% down payment on September 22, 2008. Balance to be paid on or before October 22, 2008 upon delivery of merchantable abstract and deed.
POSSESSION:
October 22, 2008.
REAL ESTATE TAXES: As the property has been exempt from paying taxes. The assessed value will be determined by 1/1/09. The 1st payment will be due September of 2010.
Reservations: All personal property. Oil & Mineral rights.

SPECIAL PROVISIONS:
>This real estate is selling subject to public road easements and all other easements of record.
>If in the future a site clean up is required it shall be at the expense of the buyers.
>The buyers acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyers should verify the information to their satisfaction. The buyers are buying this real estate in "as is" condition and there are no expressed or implied warranties pertaining to the same.

OWNER: MTC TECHNOLOGIES
William R. Jahn Jr. of Aspelmeier, Fisch, Power, Engberg & Helling PLC - Attorney

 
Richard Realty & Auction, Inc.
605 East Winfield Avenue, Mt. Pleasant, Iowa
319-385-2000
Lynn Richard ~ Chris Richard ~ Jim Huff ~ Jason Denning ~ Lee Pennebaker

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Richard Realty & Auction, Inc.

605 East Winfield Ave., Mt. Pleasant, IA
319-385-2000
www.richardrealtyauction.com