---

IMPORTANT DEVELOPEMENT LAND AND INVESTMENT AUCTION

Auction Location

Upstar Realtor's Building - 3403 E. Dupont Road

Inspection

Meet an Auction Representative at the property Monday, April 2nd from 3:00pm to 5:00pm or on Monday, April 9th from 4:00 to 6:00pm.

For a private showing please call auction manager to make an appointment.

Tracts Divisions

Tract #1 - Consists of 2.0 +/- Acres of with 225' of road frontage on Diebold Rd.
Tract#2 - Consists of 2.0 +/- Acres of land with 225' of road frontage on Diebold Rd. This tract is further improved with a older duplex type structure.
Tract #3 - Consists of 2.0 +/- Acres of Land with 225' of road frontage on Diebold Rd. This tract is further improved with a modern ranch style home.
Tract #4 - Consists of 4.85 +/- Acres of Land with 520' of road frontage on Diebold Rd and 475' of road frontage on Clinton Street. This tract currently is a mobile home park - However, the trailers are not included in the sale of the property and will be removed at the expense of the Seller not later than August 31, 2012 (See Terms and Conditions). The pole type utility building and 2 story apartment/office bldg on this tract will remain. This Parcel is ZONED C-4.
Tract #5 - Consists of 2.0 +/- Acres of Land with 235' of Road Frontage on Clinton Street.
Tract #6 - Consists of 3.0 +/- Acres of Land with 360' of Road Frontage on Clinton Street and is improved with a 156 Storage Units. See "Storage Unit" auction page for complete details and financial information on this tract.
Tract #7 - 5.0 +/- Acre swing tract, must be bid in combination with another tract or by an adjoing land owner.

 REQUEST A COMPLETE INFORMATION PACKET

www.DUPONTTRIANGLE.com

RELATED ARTICLES FOR DEVELOPMENT PLANS

FORT WAYNE RANKED #1 IN JOB CREATION BY FISCAL TIMES - CLICK TO SEE RELATED STORY

FORT WAYNE NAMED 5TH SAFEST CITY IN THE UNITED STATES

MANCHESTER COLLEGE SCHOOL OF PHARMACY TO OPEN NEW 80,000 SF PHARMACY SCHOOL SUMMER 2012

DEVELOPER HAS PLANS TO BUILD $16 MILLION THREE STORY APARTMENT COMPLEX

WOMENS HEALTH ADVANTAGE OPENED NEW 37,000 SF FACILITY WITH AN ESTIMATED COST OF 4.2 MILLION DOLLARS.

AREA DEVELOPER PLANS NEW SUBDIVISION NEAR PARKVIEW NORTH - NEW STATE OF THE ART REGIONAL HOSPITAL AND IS EXPECTED TO EMPLOY 4,500 PEOPLE

Auction Brochure

Click here to view the auction brochure.

Procedure: The property will sell in 7 individual tracts, any combination of tracts and as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. Bids on tracts, tract combinations and total property may compete.

Method of Payment: A non-refundable earnest money deposit of Ten (10%) percent of the purchase price will be required day of sale with the balance due the day of final closing on tracts 1,2,3,5,6 and 7. An earnest money deposit in the amount of twenty (20%) percent shall be deposited on tract #4. In the event that Tract #4 sells in combination with another tract, the 20% earnest money will be cacluated based on a average acreage price and then multipling the acreage price by 4.85 Acres. The balance of the purchase price will be due via a wire transfer to the closing company as requried by Indiana State Law. The closing shall occur between June 4th and June 18th 2012. This real estate is being sold for cash and your bidding is NOT CONTINGENT UPON FINANCING. Have your financing prearranged prior to auction.

Buyer's Premium: In order to determine the final sales price of the real estate, a 2% Buyer's Premium will be added to the winning bid.

Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following the auction at the site. The Seller reserves the right to accept or reject any bid.

Title: The Seller provide the Buyer with an owners policy of title insurance in the amount of the purchase price insuring the marketability of the title. Seller will provide buyer with a fully executed Trustee Deed conveying title to the Buyer.

Possession: Possession will be given on all tracts except for Tract #4 the day of final closing. Possessional will be given on Tract #4 on the 31st day of August 2012. ALL MOBILE HOMES AND PERSONAL PROPERTY TO BE REMOVED AND NOT PART OF THIS SALE.

Rents and Deposits: All rents shall be prorated to the day of final closing. In the event that the Seller has any security deposits, such security deposits will be transferred to the Buyer at closing.

Taxes: All real estate taxes shall be prorated to the day of final closing with all subsequent taxes being the responsibility of the Buyer.

Title Company: The closing and title documents shall be prepared by Metropolitan Title Company.

Closing Fee: The closing fee shall be shared 50/50 between the Seller and Buyer.

Conveyance of Name: The Name "A Colorful Storage, LLC" and "Dupont Triangle, TM" shall NOT transfer with the property and such shall remain the property of the Seller.

Survey: AT THE SELLERS OPTION, the Buyer will provide 50:50 of the costs of any parcel where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a survey shall be determined in the sole discretion of the Seller and the Auctioneer. If a survey is determined by the Seller to be necessary, final bids will be adjusted to reflect the results of said survey. The type of survey prepared shall be determined by the by the Seller as long as it is sufficient for issuance of a title insurance policy. Combination purchases will only receive a perimeter survey with only the corners of the property to be marked. All auction tracts are approximate and have been estimated based on aerial photographs or current legal descriptions. Seller will provide buyer with a boundary survey of the property.

Property Disclosure: This property is being sold "As-Is" and "Where -Is" with no warranty being expressed or implied as to the physical condition, specific zoning or available permits.

Agency: The Steffen Group and its agents are the exclusive agent of the Seller.