"Dundalk"

Live Onsite & Online Simulcast Bidding
– $700,000 Opening Bid –

PROFESSIONAL
OFFICE BUILDINGS
2 Buildings ◆ 6,512 SF ◆ Onsite Parking

Known As
Holabird Medical Center
6730-6734 HOLABIRD AVENUE
Baltimore County, MD 21222

Online Bidding Opens
MONDAY, MARCH 14, 2022

Live Onsite Auction
WEDNESDAY, MARCH 16, 2022
AT 11:00 A.M.

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

GENERAL INFORMATION:
Holabird Medical Center consists of two masonry buildings – a two story elevator building and a one story freestanding office building. The buildings are fully occupied and tenants pay for their own utilities. The buildings appear well maintained. Surface parking is ample.

LOCATION:
Holabird Medical Center is situated in the Dundalk area of southwestern Baltimore County, one block east of Dundalk Avenue, approximately one mile south of I-95 Exit 59, one mile east of I-95 Exit 57 and I-895 Exit 10. The surrounding area is a mixture of residential and commercial land uses. The property is located in close proximity to the Amazon Sorting Center, Holabird Business Park, Johns Hopkins Bayview Medical Center and Jimmy’s Famous Seafood.

SITE:
The property is comprised of four contiguous lots, comprising approximately 24,331 square feet or 0.56 acre, according to public tax records. The property fronts approximately 125′ along the north side of Holabird Avenue, by a depth of approximately 156′. Plat

Good visibility from eastbound and westbound Holabird Avenue

Utilities – public water, public sewer, natural gas, electricity, telephone, internet

Asphalt paved parking for approximately 40 cars

Zoning BL, Business Local

IMPROVEMENTS:
6730 Holabird Avenue – two story masonry building, approximately 5,578 sf, constructed in 1999, at grade on a concrete slab. The building has a rubber membrane roof. Each floor has separate gas forced air heat, central air conditioning and tenants pay for their own utilities. The building has new LED lighting throughout and a central lobby.

First floor is occupied by Mace Medical Center. Finishes are drywall, carpeting and vinyl flooring. Mace has eight exam rooms, two rest rooms, a break room, lab, two offices and two entrances.

The upper floor is accessed by a self-service elevator and stairway. Finishes are similar to the first floor unit. Unit 201 has three offices, a rest room and a conference room. Unit 202 has two offices, two rest rooms and an open meeting room. Each unit is occupied by a health care provider.

6732 Holabird Avenue – one story brick office building, approximately 934 sf, constructed in 1957, with concrete block basement foundation. The building has a composition shingle roof. Interior finishes are drywall, ceramic tile and acoustical tile ceiling. The unit is occupied by a real estate brokerage.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book JLE 42293, Page 47.

TAXES:
Published annual real estate taxes are $11,702, based on full value assessments of $817,200. There are four tax accounts.

ADDITIONAL INFORMATION:
Please complete the Confidentiality Waiver to receive:

• Proforma Income & Expense Statement
• Rent Roll
• Leases

ATTRACTIVE SELLER FINANCING IS AVAILABLE
80% of the purchase price at 6% interest, 15 year amortization, 5 year maturity OR 80% of the purchase price 8% interest, 15 year amortization. Buyers are under no obligation to use the financing.

SUMMARY TERMS OF SALE:
Please see the Contract of Sale for complete terms.

On-Site Bidders – a $75,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office.

Online Bidders – a 10% deposit by cashier’s check or wire transfer is required of the purchaser by 4:00 p.m. on the day of auction.

Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the Purchaser. All adjustments, including taxes, rents, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement and assumed thereafter by the Purchaser. The property will be sold in “AS IS” condition, subject to existing leases and the rights of the tenants in possession, easements, agreements, restrictions or covenants of record affecting same, if any. Security deposits, if any, shall be transferred at settlement. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Seller is unable to convey good and marketable title, the Purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the Purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser. Time is of the essence.

No buyer’s premium.

Auction conducted in collaboration with Thornhill Properties Incorporated