info@amcbid.com
(770) 980-9565
13.4± Acre Graded Site at 1192 Tram Rd, Townsend GA 31331 (McIntosh County)
Oct 11 @ 1:00PM EDT (Start)
Oct 18 @ 1:00PM EDT (End)
Selling Online Only
( more details )
Online Only Auction of 13.4± Acre Graded Site
1192 Tram Rd (east side of I-95), Townsend GA 31331  (McIntosh County)
Bidding Opens: Thursday, October 11 at 1:00 PM ET
Bid Deadline: Thursday, October 18 at 1:00 PM ET
Sale Manager: Austin McRoberts 404-408-5222 or Austin@AMCbid.com or Jeb Howell 770-841-9924 or jeb@AMCbid.com
 

This auction features a grouped bid extension - please see details in terms below.

 

The 13.4± acre property is a graded site with 1,346± feet frontage on the east side of I-95 right of way just south of the 63 Mile Marker and has been used as a fire truck sales yard. The yard and firetrucks are clearly visible from both directions of I-95.  There is a power pole with power box on the site, and the yard can be illuminated at night with lights. Approximately 2± acres of the site is underlain by #57 stone but the entire site is higher than surrounding grade and suitable for truck use. There is a septic tank on the site. The property is zoned I-R Industrial Restricted.

Uses allowed under this zoning include: building material sales yard and lumber yard, including the sale of rock, sand, gravel, and the like; contractors' equipment storage yard or plant, and with equipment commonly used by contractors; freight, truck yard, or terminal, warehouse and wholesale establishments; public utilities, including buildings, necessary structures, storage yards, and other related uses; research or experimental stations and laboratories; radio and/or television station with transmission towers; repair garages; office buildings for business, governmental, professional, or other general purposes; horticultural nursery; and accessory buildings, structures and uses customarily incidental to the above uses.

 

To access from north, I-95 exit 67, go 4.5 miles south to right on Tram Road. From the south, I-95 exit 58 north, right onto Hwy 99, 8/10 of a mile and then left on US 17, 4.8 miles to left on Tram Road. Take left fork to stay on Tram Road past machine shop buildings and wooded area back to cleared site.

 

McIntosh County Tax Parcel #0046 0036003
2017 Taxes: $797.22

 

Terms:  Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, 20% Earnest Money Deposit, close by November 16, 2018.

Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.

 

AMC GAL# 2503

 

 

TERMS & CONDITIONS:

AUCTION REGISTRATION: In order to register for the auction, you must have pre-inspected the property and must confirm that you have done your own inspection prior to registration. You must provide proof of funds from your bank showing sufficient funds to cover the required 20% earnest money down payment in order to obtain a bid number. This may be accomplished by faxing the proof of funds to 770-980-9383 or emailing to info@amcbid.com  in advance of the auction. Proof of funds consists of a copy, fax, or scanned pdf of a current bank statement in bidder’s name showing sufficient funds for earnest money deposit. If you are unable to provide these in advance, please contact the auctioneer for instructions.

 

AUCTION INFORMATION & OFFICES: All available material and updates are posted to www.AMCbid.com . Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by calling 770-980-9565, or by visiting our website.

 

CONDUCT OF THE AUCTION: Register to bid at our website at www.AMCbid.com. Online bidding will begin one week prior to the auction. The auction ends when the highest bid is recognized by the auctioneer. Bid increments and bidding methodology are subject to change at the sole discretion of auctioneer. This Auction includes a grouped Extension feature.

 

EXTENDED BIDDING: This auction uses an extended bidding feature. Any bid within the last five minutes of bidding causes an automatic 5 minute extension on the asset. When 5 minutes passes with no more bidding, bidding will close simultaneously, with high bidder being declared the winner.

 

EARNEST MONEY REQUIREMENT: Winning bidders must deliver earnest money via wire transfer to the Escrow and Closing Agent escrow account immediately following the auction, in the amount of twenty (20%) of the purchase price (calculated by adding the high bid amount plus a 10% buyer’s premium). Balance will be paid in full at closing. Earnest Money must be in the form of wire transfer only. The earnest money deposit is non-refundable.

 

PURCHASING AND CLOSING: The successful bidder will be notified immediately following the closing of the auction and emailed the Auction Purchase and Sale Agreement (“Auction PSA”), to sign and return. Buyer shall execute the Auction PSA for the property immediately after being declared the successful bidder by auctioneer. A form Auction PSA is available at our websites and at the auction site prior to the auction. The Auction PSA which Buyer must sign at the auction contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time.

Closing must occur no later than Friday, November 16, 2018 unless extended in writing by mutual consent of the parties. Buyer not closing within the contractual time period to close may forfeit his/her earnest money deposit. Buyer shall execute an Auction Purchase and Sale Agreement for the property immediately after being declared the successful bidder by auctioneer.All payments (i.e., Earnest Money, Closing Funds) must be in the form of wire transfer only.

 

CLOSING:   All closings are to occur at the offices of Dickason Law Group, attn: James Ottley, (770) 349-8214 (“Escrow and Closing Agent”) as noted in Auction Purchase & Sale Agreement, or as announced at the auction. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to Auctioneer and/or cooperating Brokers as set forth in separate agreement with Auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; (3) 0% of closing fees charged by Escrow and  Closing Agent; and (4) Prorated property taxes as set forth in the Purchase and Sale Agreement and back taxes due, if any. All other closing costs, including but not limited to surveys, title examination, title insurance, transfer taxes, prorated property taxes, 100% of closing fees charged by Escrow and Closing Agent, loan closing costs, and Buyer’s attorney fees (should Buyer engage its own attorney) are at the expense of the Buyer.

 

BUYER'S PREMIUM: Property will be sold with a ten percent (10%) buyer's premium. The bid amount plus buyer's premium equals the final purchase price. For example: A $100,000 bid, plus the 10% ($10,000) buyer's premium, equals the $110,000 final purchase price.

 

FINANCING: Please note that financing is NOT a contingency of this transaction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction.

 

PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.

 

AUCTION POWER OF ATTORNEY: For interested bidders who cannot attend the auction but would like to have a representative bid at the auction on their behalf, an Auction Power of Attorney can be obtained by contacting the Auction Information Office at (770) 980-9565.

 

TAX EXCHANGE: Sellers and Purchasers agree that certain Sellers may effectuate 1031 Tax Exchanges on certain properties sold herein. Buyers will agree to cooperate and execute necessary documents to enable Sellers to consummate said transactions.  

 

EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.

 

BROKER PARTICIPATION INVITED: Unless noted otherwise in property listing or herein, a broker commission of two percent (2%) of the Winning Bid will be paid on real estate.  A commission will only be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery using the Broker Registration/ Opening Bid form posted to the website for the property listing prior to bidder registration. The registration form must be signed by the prospect and the Broker, and must be received at an office of Auction Management Corporation no later than 5:00 PM two (2) days prior to the bid deadline via fax or mail. In no case will a broker registration be accepted after a bidder has registered. If bidder bids onsite, Broker must also attend the auction and sign the Auction Real Estate Sales Contract if their client is the winning bidder. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.

 

BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Auctioneer reserves the right to convert the bidding platform from an online to an onsite bidding platform if no bidders register and submit required bid deposit by the online bidding deadline. Personal on-site inspection of the property is strongly recommended. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Limited Warranty Deed. If any elements of these Terms and Conditions conflict with the Auction PSA, the elements of the Auction PSA shall govern.

 

Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way. Any asset not advertised and promoted as Absolute, No Minimum Bid, or Selling Regardless of Price will be sold subject to Seller confirmation. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. The sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Sellers to accept any backup bids in the event the high bid falls through.

 

Midtown Atlanta Private Data Center at 1120 Curran Street NW, Atlanta, GA 30318 (Fulton County)
Oct 18 @ 10:00AM EDT (Start)
Oct 25 @ 10:00AM EDT (End)
Building & Data Center Infrastructure
( more details )
Online Only Auction of Midtown Data Center
1120 Curran Street NW, Atlanta, GA 30318 (Fulton County)
Bid Deadline: Thursday, October 25 at 10:00 AM ET
Sale Manager: Jeb Howell 770-841-9924 or jeb@AMCbid.com
Inspection: Property may be inspected on Wednesday, October 17 & 24 from 10:00 AM - 2:00 PM. Anyone wishing to inspect must sign a RIGHT OF ENTRY AGREEMENT AND RELEASE AND WAIVER OF LIABILITY (download from our website) in order to be allowed access onto the site.
 
Terms:  $50,000 Deposit Required to Bid, 8% Buyer’s Premium added to winning bid to determine sale price, Earnest Money Deposit of 5% of Sales Price (Bid Amount Plus BP), Broker Co-Op of 1% of Winning Bid, close by Monday, November 26, 2018.
 
 
 
BRIEF PROPERTY DATA:
15,000±SF data center on .59± acre lot in in close proximity to Georgia Tech at 1120 Curran Street NW, Atlanta GA 30318 (Fulton County). Electrical service 2,000A. 480Y/277V from a single pad mount transformer.
 
Currently Installed infrastructure Equipment Includes:
3 diesel generators: 500kW (outside), 750kW (inside) and 1,000kW (inside). 2 APC/MGE 500 kVA Modules, 2 Liebert 500 kVA Modules. HVAC includes 3-30 Ton Liebert CRAC units (on the rackspace floor), 4-22 CRAC (on the rackspace floor), 2 60 Ton and 4 20 Ton CRAHUs.
 
Security Includes Perimeter card access with biometric thumb scanners into critical areas, internal and external security surveillance, offsite monitoring.
 
Real Estate to be Offered as a Data Center Complete with all Infrastructure, and as a Building Shell Only with Data Center Infrastructure to be removed prior to closing.
 
Numerous servers and other IT equipment to be sold separately on October 29, along with Building Shell and Infrastructure if not sold on October 25.

Detailed Real Property Data:
The property is a 15,120±SF data center/office property on a 0.59± acre (25,700±SF) lot. It is in the West Midtown area of the City of Atlanta, in close proximity to Georgia Tech and Atlantic Station. The original building was constructed in 1976. Present owner leased the building in 2006 with extensive renovations occurring in 2007, and had a fixed option to purchase which they exercised in June of 2016. Following that, present owner undertook renovations including interior updates and a new roof membrane, and installed a new 200 ton chiller plant to add to the cooling capacity of the building. Also in 2016, the asphalt parking area was repaved and striped and a concrete parking, access and maneuverability area were installed. The asphalt parking area is fenced with chain-link/barbed-wire fencing and a keypad entry gate.

The property is zoned C-2 by City of Atlanta and appears to be in conformance with all zoning requirements. All utilities are available to the site. Water and sewer are provided by City of Atlanta and electricity is provided by Georgia Power.

Construction details are as follows:
Foundation             Concrete slab
Structural Frame         Steel frame and masonry- brick on block
Exterior Walls             Brick
Roof                 Built-up membrane roof
Ceiling Height in Feet     10 feet in office area, 12 feet in warehouse, around 10 feet in data center
                                               with raised floors
Configuration            4,610 sf of raised floor rack space and 2,250 sf of office space with the
                                              balance used for mechanical and electrical systems, common areas and
                                              other back of house functions.
Dock Height Loading Doors     1
Drive-in Doors         2
Interior Finishes         Data center with raised floor, heated and cooled office space, and
                                              warehouse space
Walls                 Fire resistant sheet-rock in office and data center space; exposed
                                              block in warehouse
Ceilings             Drop-tile in office and data center space; exposed beams, pipes and
                                              ducts in warehouse
Lighting             Fluorescent lighting
HVAC                 Chiller plant and floor ducts in data center space, two a/c units in DC
                                              battery room and central HVAC in office space
Electrical             One Georgia Power source, deep cell batteries, UPS room and
                                              generators
Plumbing             Plumbing for chiller plants
Rest Rooms             Two common restrooms; one with a shower
Security             Cameras and keypad entry throughout entire building
Gates/Fencing         Chain-link with barbed-wire surrounding parking and rear entry area
Paving             Asphalt and concrete parking areas

Electric Service
• Service is 2,000A. 480Y/277V form a single pad mount transformer.
• Service provided by Georgia Power Company @ approx. $0.06/kWH (RTP Rate Structure).
• Current electrical capacity is 1.5 MW, capacity could be expanded to 6.5 MW

Generators
• Three diesel generators: 500kW (outside), 750kW (inside) and 1,000kW (inside).

Fuel Tanks
• The 750 and 1000 kw Generators are served by a common 3,000-gallon diesel fuel. Each has a dedicated day tank (100 gallon and 180 gallon respectively).
• The 500 kW Generator is served by a 500 gallon skid tank.

UPS
• Two APC/MGE 500 kVA Modules configured for independent A/B redundant branch circuits. Each of these modules are on independent generators.
• Two Liebert 500 kVA Modules configured to provide redundant A/B UPS sources via a static switch and single branch circuits.
These two modules are on the same generator.

DC Plant
• Single 5,000A, A/B -48VDC plant with eight strings of batteries.

HVAC
• Glycol System A – Three 30 Ton Liebert CRAC units (on the rackspace floor).
• Glycol System B – Four 22 CRAC (on the rackspace floor).
• Chilled Water System –Two 60 Ton and four 20 Ton CRAHUs.
This system includes redundant chillers rated 160 Ton and 200 Tons.

Water Storage
• The facility is supplied with municipal water.

Fire Protection System
• The facility is equipped with smoke detection.
• FM200 Piping and controls only (No FM200 Tanks).

Access Floor
• 12” raised floor cavity.

Fiber and Network
• The building is served by Zayo dark fiber and AT&T lit fiber services.

Security
• Perimeter card access with biometric thumb scanners into critical areas.
• Internal and external security surveillance.
• Offsite monitoring.
 
 
 
AUCTION TERMS AND CONDITIONS
 
AUCTION REGISTRATION:
In order to register for the auction, you must have:
1) Pre-inspected the property and must confirm that you have done your own inspection prior to registration. The online registration form will need to be completed before online bidding is enabled.
2) You must provide proof of funds from your bank that you have sufficient funds to cover the required earnest money down payment in order to obtain a bid number. This may be accomplished by emailing to info@amcbid.com at least 24 hours prior to the auction bid deadline. Fax number provided upon request. Proof of funds consists of a copy, fax, or original of a current bank statement in bidder’s name showing sufficient funds for 5% earnest money deposit. Alternative proof of funds verification subject to Seller approval.
3) You must submit a $50,000 Initial Bid Deposit in order to be allowed to bid. This may be accomplished by wiring the funds to our escrow account (wire instructions provided upon request) or overnighting the funds to our mailing address. The wire or overnighted funds must be received no later than 5 PM on Tuesday, October 23rd, as we cannot guarantee that transfers after that time will be verifiable. Wiring instructions provided upon request.
 
AUCTION INFORMATION: All available material and updates are posted to www.AMCbid.com. Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by visiting the website.
 
INSPECTION: Property may be inspected on Wednesday, October 17th and Wednesday, October 24th from 10 AM til 2 PM. Anyone wishing to inspect must sign a RIGHT OF ENTRY AGREEMENT AND RELEASE AND WAIVER OF LIABILITY (download from our website) in order to be allowed access onto the site. No invasive tests are allowed, and parties must pay to repair any damage caused to Property caused during inspection.
 
BUYER'S PREMIUM: Property will be sold with an 8% Buyers Premium. The bid amount plus Buyer's Premium equals the final purchase price. For example, a $3 million Winning Bid plus the 8% Buyers Premium produces a Total Purchase Price of $3,240,000 ($3 Million Bid Plus $240,000 BP
 
CONDUCT OF THE AUCTION:. Online bidding will begin seven days prior to the auction. Online bidders may register to bid at our website at www.AMCbid.com no later than 24 hours prior to the auction. Any bid within the last five minutes of the bid deadline causes an automatic extension of bidding. When 5 minutes passes with no bidding, the auction closes. The auction ends when the highest bid is recognized by the auctioneer. Bid increments and bidding methodology are subject to change at the sole discretion of auctioneer.
 
BID DEPOSITS RETURNED: Immediately following the auction, unsuccessful bidders' bid deposits will be returned to them. You can either provide wiring instructions or we will overnight you a check.
 
DEPOSIT REQUIREMENT: Immediately following the auction, the successful bidder must deliver additional earnest money via wire transfer to Escrow and Closing Agent which together with Initial Bid Deposit shall increase the earnest money deposit to five (5%) of the Purchase Price (Bid Amount Plus Buyer’s Premium). Within two days of the Auction, Auctioneer shall also deliver to Escrow Agent the Initial Bid Deposit. Balance will be paid in full at closing. Escrow and Closing Agent is James M. Ottley, Esq, Stout Kaiser Matteson Peake & Hendrick, LLC, Phone: (770) 349-8214.
 
Successful online bidder will be notified immediately following the closing of the auction and electronically delivered the sale contract (PSA) , to sign and return immediately upon receipt.  Escrow Agent wiring instructions will also be provided for transmittal of the Additional Earnest money. If you have questions regarding registration, you may contact Heidi Googe at heidi@AMCbid.com or 404-821-8069. Please contact the sale manager for all other questions.
 
PURCHASING AND CLOSING: Buyer shall execute an Auction Purchase and Sale Agreement (“Auction PSA”) for the property immediately after being declared the successful bidder by Auctioneer. A form Auction PSA is available at our website. The Auction PSA which Buyer must sign contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time.  Additional Earnest Money for a successful bidder must be in the form of wire transfer only.
Closing must occur no later than Monday, November 26th, 2018 unless extended in writing by mutual consent of the parties. Balance of purchase price will be paid in full at closing. Buyer not closing within the contractual time period to close may forfeit his/her earnest money deposit.
 
BUILDING SHELL/ GENERATORS/ COOLING/UPS/HVAC/FUEL TANKS: Following the data center auction, numerous servers and other IT equipment in the building plus other IT equipment will be sold. If not sold in the intact data center auction, all data center infrastructure items will be identified and offered in the equipment auction, along with the building shell.
 
FINANCING: Please note that financing is NOT a contingency of this transaction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction.
 
PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.
 
AUCTION POWER OF ATTORNEY: For interested bidders who cannot attend the auction but would like to have a representative bid at the auction on their behalf, an Auction Power of Attorney can be obtained by contacting the Auction Information Office at info@amcbid.com or (770) 980-9565.
 
TITLE: Property sold is subject to all matters of record, including, without limitation,  recorded easements, existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.
 
BROKER PARTICIPATION INVITED: A broker commission of one percent (1%) of written opening bid will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery the prospect’s name and address on the Broker Registration/ Written Opening Bid form available as a download at the AMC website listing for this asset prior to bidder registration. The form must be signed by the prospect and the Broker, and must be received at the office of Auction Management Corporation no later than 24 hours prior to the published auction date. Broker must also be present with their prospect during bidding and sign the Auction Real Estate Sales Contract if their client is the winning bidder. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.  In the event a Prospect makes initial contact with Auctioneer, a Broker Registration will be disqualified.
 
BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Special Warranty Deed. Sale shall be closed at the designated office of James M. Ottley, Esq, Stout Kaiser Matteson Peake & Hendrick, LLC, (“Escrow and Closing Agent”), as noted in Auction Purchase & Sale Agreement, or as announced at the auction. Closing may occur remotely through overnite, email, and wire transfer. Only the following sale closing costs will be paid by Seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; (3) 0% of closing fees charged by Closing Agent; and (4) Prorated property taxes as set forth in the Purchase and Sale Agreement and back taxes due, if any. All other closing costs, including but not limited to surveys, title examination, title insurance, transfer taxes, 100% of closing fees charged by Escrow and Closing Agent, loan closing costs, and purchaser’s attorney fees are at the expense of the Buyer.
 
Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. The sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. Property is sold subject to Seller confirmation. Seller and its agents reserve the right to bid up to the amount of Seller’s published or unpublished reserve price, at Seller’s sole option. There is no obligation on the part of the Sellers to accept any backup bids in the event the high bid falls through.
 
 
 
 
AMC GAL#2503
15,120±SF Office Building on .59± Acres at 1120 Curran Street NW, Atlanta, GA 30318 (Fulton County)
Oct 22 @ 11:00AM EDT (Start)
Oct 29 @ 11:00AM EDT (End)
Building Shell Only
( more details )

Online Only Auction of 15,120±SF Office Building on .59± Acres 
1120 Curran Street NW, Atlanta, GA 30318 (Fulton County)
Bid Deadline: Monday, October 29 at 11:00 AM ET
Sale Manager: Jeb Howell 770-841-9924 or jeb@AMCbid.com
Inspection: Property may be inspected on Wednesday, October 17 & 24 from 10:00 AM - 2:00 PM. Anyone wishing to inspect must sign a RIGHT OF ENTRY AGREEMENT AND RELEASE AND WAIVER OF LIABILITY (download from our website) in order to be allowed access onto the site.
 
Terms:  $50,000 Deposit Required to Bid, 8% Buyer’s Premium added to winning bid to determine sale price, Earnest Money Deposit of 5% of Sales Price (Bid Amount Plus BP), Broker Co-Op of 1% of Winning Bid, close by Monday, November 26, 2018.
 
Real Estate to be Offered as a Data Center Complete with all Infrastructure, and as a Building Shell Only with Data Center Infrastructure to be removed prior to closing.
 
Numerous servers and other IT equipment to be sold separately on October 29, along with Building Shell and Infrastructure if not sold on October 25.

Detailed Real Property Data:
The property is a 15,120±SF data center/office property on a 0.59± acre (25,700±SF) lot. It is in the West Midtown area of the City of Atlanta, in close proximity to Georgia Tech and Atlantic Station. The original building was constructed in 1976. Present owner leased the building in 2006 with extensive renovations occurring in 2007, and had a fixed option to purchase which they exercised in June of 2016. Following that, present owner undertook renovations including interior updates and a new roof membrane, and installed a new 200 ton chiller plant to add to the cooling capacity of the building. Also in 2016, the asphalt parking area was repaved and striped and a concrete parking, access and maneuverability area were installed. The asphalt parking area is fenced with chain-link/barbed-wire fencing and a keypad entry gate.

The property is zoned C-2 by City of Atlanta and appears to be in conformance with all zoning requirements. All utilities are available to the site. Water and sewer are provided by City of Atlanta and electricity is provided by Georgia Power.


 
 
 
 
AUCTION TERMS AND CONDITIONS
 
AUCTION REGISTRATION:
In order to register for the auction, you must have:
1) Pre-inspected the property and must confirm that you have done your own inspection prior to registration. The online registration form will need to be completed before online bidding is enabled.
2) You must provide proof of funds from your bank that you have sufficient funds to cover the required earnest money down payment in order to obtain a bid number. This may be accomplished by emailing to info@amcbid.com at least 24 hours prior to the auction bid deadline. Fax number provided upon request. Proof of funds consists of a copy, fax, or original of a current bank statement in bidder’s name showing sufficient funds for 5% earnest money deposit. Alternative proof of funds verification subject to Seller approval.
3) You must submit a $50,000 Initial Bid Deposit in order to be allowed to bid. This may be accomplished by wiring the funds to our escrow account (wire instructions provided upon request) or overnighting the funds to our mailing address. The wire or overnighted funds must be received no later than 5 PM on Tuesday, October 23rd, as we cannot guarantee that transfers after that time will be verifiable. Wiring instructions provided upon request.
 
AUCTION INFORMATION: All available material and updates are posted to www.AMCbid.com. Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by visiting the website.
 
INSPECTION: Property may be inspected on Wednesday, October 17th and Wednesday, October 24th from 10 AM til 2 PM. Anyone wishing to inspect must sign a RIGHT OF ENTRY AGREEMENT AND RELEASE AND WAIVER OF LIABILITY (download from our website) in order to be allowed access onto the site. No invasive tests are allowed, and parties must pay to repair any damage caused to Property caused during inspection.
 
BUYER'S PREMIUM: Property will be sold with an 8% Buyers Premium. The bid amount plus Buyer's Premium equals the final purchase price. For example, a $3 million Winning Bid plus the 8% Buyers Premium produces a Total Purchase Price of $3,240,000 ($3 Million Bid Plus $240,000 BP
 
CONDUCT OF THE AUCTION:. Online bidding will begin seven days prior to the auction. Online bidders may register to bid at our website at www.AMCbid.com no later than 24 hours prior to the auction. Any bid within the last five minutes of the bid deadline causes an automatic extension of bidding. When 5 minutes passes with no bidding, the auction closes. The auction ends when the highest bid is recognized by the auctioneer. Bid increments and bidding methodology are subject to change at the sole discretion of auctioneer.
 
BID DEPOSITS RETURNED: Immediately following the auction, unsuccessful bidders' bid deposits will be returned to them. You can either provide wiring instructions or we will overnight you a check.
 
DEPOSIT REQUIREMENT: Immediately following the auction, the successful bidder must deliver additional earnest money via wire transfer to Escrow and Closing Agent which together with Initial Bid Deposit shall increase the earnest money deposit to five (5%) of the Purchase Price (Bid Amount Plus Buyer’s Premium). Within two days of the Auction, Auctioneer shall also deliver to Escrow Agent the Initial Bid Deposit. Balance will be paid in full at closing. Escrow and Closing Agent is James M. Ottley, Esq, Stout Kaiser Matteson Peake & Hendrick, LLC, Phone: (770) 349-8214.
 
Successful online bidder will be notified immediately following the closing of the auction and electronically delivered the sale contract (PSA) , to sign and return immediately upon receipt.  Escrow Agent wiring instructions will also be provided for transmittal of the Additional Earnest money. If you have questions regarding registration, you may contact Heidi Googe at heidi@AMCbid.com or 404-821-8069. Please contact the sale manager for all other questions.
 
PURCHASING AND CLOSING: Buyer shall execute an Auction Purchase and Sale Agreement (“Auction PSA”) for the property immediately after being declared the successful bidder by Auctioneer. A form Auction PSA is available at our website. The Auction PSA which Buyer must sign contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time.  Additional Earnest Money for a successful bidder must be in the form of wire transfer only.
Closing must occur no later than Monday, November 26th, 2018 unless extended in writing by mutual consent of the parties. Balance of purchase price will be paid in full at closing. Buyer not closing within the contractual time period to close may forfeit his/her earnest money deposit.
 
BUILDING SHELL/ GENERATORS/ COOLING/ UPS/ HVAC/ FUEL TANKS: Following the data center auction, numerous servers and other IT equipment in the building plus other IT equipment will be sold. If not sold in the intact data center auction, all data center infrastructure items will be identified and offered in the equipment auction, along with the building shell.
 
FINANCING: Please note that financing is NOT a contingency of this transaction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction.
 
PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.
 
AUCTION POWER OF ATTORNEY: For interested bidders who cannot attend the auction but would like to have a representative bid at the auction on their behalf, an Auction Power of Attorney can be obtained by contacting the Auction Information Office at info@amcbid.com or (770) 980-9565.
 
TITLE: Property sold is subject to all matters of record, including, without limitation,  recorded easements, existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.
 
BROKER PARTICIPATION INVITED: A broker commission of one percent (1%) of written opening bid will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery the prospect’s name and address on the Broker Registration/ Written Opening Bid form available as a download at the AMC website listing for this asset prior to bidder registration. The form must be signed by the prospect and the Broker, and must be received at the office of Auction Management Corporation no later than 24 hours prior to the published auction date. Broker must also be present with their prospect during bidding and sign the Auction Real Estate Sales Contract if their client is the winning bidder. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.  In the event a Prospect makes initial contact with Auctioneer, a Broker Registration will be disqualified.
 
BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Special Warranty Deed. Sale shall be closed at the designated office of James M. Ottley, Esq, Stout Kaiser Matteson Peake & Hendrick, LLC, (“Escrow and Closing Agent”), as noted in Auction Purchase & Sale Agreement, or as announced at the auction. Closing may occur remotely through overnite, email, and wire transfer. Only the following sale closing costs will be paid by Seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; (3) 0% of closing fees charged by Closing Agent; and (4) Prorated property taxes as set forth in the Purchase and Sale Agreement and back taxes due, if any. All other closing costs, including but not limited to surveys, title examination, title insurance, transfer taxes, 100% of closing fees charged by Escrow and Closing Agent, loan closing costs, and purchaser’s attorney fees are at the expense of the Buyer.
 
Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. The sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. Property is sold subject to Seller confirmation. Seller and its agents reserve the right to bid up to the amount of Seller’s published or unpublished reserve price, at Seller’s sole option. There is no obligation on the part of the Sellers to accept any backup bids in the event the high bid falls through.
 
AMC GAL#2503
Data Center Infrastructure Equipment Liquidation Auction
Oct 22 @ 1:00PM EDT (Start)
Oct 29 @ 1:00PM EDT (End)
Complete Redundant Data Center Support Infrastructure Including: 3 Diesel Standby Generators 1000KW, 750KW and 500KW by Cummins and Spectrum Detroit Diesel; 2 Complete dual redundancy...
( more details )

More Information Coming Soon!

Data Center Infrastructure Equipment Liquidation Auction
Complete Redundant Data Center Support Infrastructure Including: 3 Diesel Standby Generators 1000KW, 750KW and 500KW by Cummins and Spectrum Detroit Diesel; 2 Complete dual redundancy chiller systems, one water and one glycol, by Liebert and Carrier; 2 complete dual redundancy UPS systems by Liebert and MGE - and Much More!
Bidding Starts to Close: Monday, October 29, 2018 at 1:00 PM ET
* Real Estate & Auxiliary Equipment Selling Separately
 
 
 
 
AMC GAL#2503
Auxiliary Equipment Liquidation Auction
Oct 23 @ 11:00AM EDT (Start)
Oct 30 @ 11:00AM EDT (End)
More Information Coming Soon! Auxiliary Equipment Liquidation Auction IT Equipment, Office Furniture & Various Support Equipment from Multiple Locations - All Selling Online Only...
( more details )

More Information Coming Soon!

Auxiliary Equipment Liquidation Auction
IT Equipment, Office Furniture & Various Support Equipment from Multiple Locations - All Selling Online Only
Bidding Starts to Close: Tuesday, October 30, 2018 at 11:00 AM ET
* Real Estate & Data Center Infrastructure Equipment Selling Separately
 
 
 
 
AMC GAL#2503
Sign Up for an account to get
notifications for new auctions.