REAL ESTATE AUCTION
Wednesday, January 27th 2020 At 1:00 P.M.
825 Murfreesboro Pike • Nashville, TN
Davidson County Real Estate • Near Nashville International Airport
90,767+/- SF Hotel on 4.4+/- Acres.
5 miles from Nashville International airport,
right off the I-24/I-40 split within minutes of downtown Nashville.
92 rooms in full operation, with another 56 rooms ready to be remodeled.
Property includes a 3,600± SF banquet hall, 4800± SF banquet hall,
Outdoor Pool, Fitness Center, Kitchens and More!
In Addition to the hotel, there are 5 retail storefront units 20' x 70' and all 4 currently leased,
as well as a vacant 20'x60' retail unit.
Best Western name is under membership and is a year to year contract.
The buyer can pay transfer fees for a new membership per the seller.
Contact the Justin Ochs firstname.lastname@example.org, for the appropriate non-disclosure agreement.
Once signed, the potential buyer can view all associated financial documents for the asset.
Selling under the direction of the Putnam Co. Chancery Court Case #2019-26. Linda Reeder, Clerk & Master.
All prospective bidders will need to place a $25,000 Bid Deposit with James R. Cash Auctions in order to bid (Bank Wire or Cashier Check). The Bid Deposit will be applied to the earnest money deposit of $500,000 for the winning bidder. (Unsuccessful bidders will be refunded their $25,000 within 48 hours).
Proof of funds required within 24 hours of completion of the Purchase Agreement. The balance shall be due in full within 45 days & upon court confirmation. Property to be conveyed by a Clerk's Deed.
2021 Taxes Prorated to the date of closing. Possession with deed subject to existing tenants/leases.
All Property selling “As Is, Where Is” both surface and subsurface with no warranties. Bidders should complete their own due diligence prior to the sale. The buyer and/or buyer's agent is responsible for verifying all pertinent information deemed relevant by the prospective buyer including but not limited to square footage, acreage, taxes, assessments, occupancy, permitting, planning, condition, traffic counts, leases, hotel agreements, etc.
Property is being sold in cooperation with:
Amonett’s Eagle Auction Cookeville, TN
Lee Ammonett, Auctioneer & Broker 931.252.1907
Justin Ochs, 615.507.5984
VP of National Development REAL LOOK
REAL ESTATE AUCTION CONDUCTED ON SITE AT
James R. Cash Auctions Corporate Headquarters:
10 Lea Avenue, Nashville, TN / 9th Floor Inside The Greatness Factory.
Online Bidding Available For Approved Bidders ($25,000 Deposit Required)
Public Preview Dates:
January 16th, 2021 12:00 PM - 4:00 PM
January 21st, 2021 12:00 PM - 4:00 PM
Prospective Bidders can also request private showings by appointment.
James R. Cash THE Auctioneer & Real Estate Broker
Jay Cash Auctioneer 615.785.8982
Each Potential Bidder Is Responsible For Conducting His Or Her Own Independent Inspections, Investigations, Inquires, And Due Diligence Concerning The Property. Lines On Aerial Plats Show Only The Relative Locations Of The Tracts Subject To Sale And May Not Be Relied On As An Exact Location Or Boundary. Although All Information In All Advertisements Is Obtained From Sources Deemed Reliable, The Auctioneer, Real Estate Broker And Sellers Make No Warranty Or Guarantee Actual Or Implied As To The Accuracy Of The Information. It Is For This Reason That The Prospective Buyers Should Avail Themselves The Opportunity To Make Inspection Prior To The Auction. All Announcements Day Of Sale Take Precedence Over All Advertisements.
NDA REQUIRED TO VIEW ALL DUE DILIGENCE.
DOWNLOAD & RETURN THIS FORM TO email@example.com
AUCTION REGISTRATION DOCUMENTS REQUIRED FOR BIDDING CAN BE FOUND BELOW