AmeriBid LLC to Conduct Absolute Auction of Two Office/Industrial Properties in Southwest Ohio

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| Source: AmeriBid

VANDALIA, Ohio, Feb. 6, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.AmeriBid.com) announces the absolute auction of two office/industrial properties on February 26, 2013. "Our clients are getting aggressive in their efforts to maximize their return in a short period of time on some real property assets they hold privately in the Miami Valley," comments Tim Lile, Regional Director and Auctioneer for AmeriBid LLC. AmeriBid is offering these properties at absolute auction, meaning there are no minimum bids and no reserves to be met.

The first property up for auction is a 217,000+/- square foot industrial building located at 3345 Stop Eight Road in Vandalia. The auction will be held on-site at 11:00am EST on February 26th, 2013. The building, built in 1965 and situated on 9.7+/- acres, is comprised of 135,000+/- square feet previously utilized for light manufacturing, 62,000+/- square feet of warehouse and 20,000+/- square feet of multi-use office space. It has high-capacity power ample for most light manufacturing needs. Features include a full sprinkler system, 26' ceilings, loading dock, numerous roll-up doors and a 2,400+/- square foot metal utility shed. The property is strategically located minutes from both I-75 and I-70 with rail access nearby. This property was tax appraised at $2,275,000, but will sell to the highest bidder with no minimum and no reserve!

The second property for auction is a 27,000+/- square foot office building, formerly Tyler Technologies headquarters, located at 3199 Klepinger Road in Harrison Township. The auction will take place on-site at 3:30pm EST on February 26, 2013. The building features 24,500+/- square feet of office space and 2,450+/- square feet of warehouse space. It was constructed in 1972 and completely renovated in 2002, with many other updates since then. The building offers an abundance of private office spaces with private balconies and open floor areas for cubicles. There is a secure access system and security cameras throughout the building and parking lot. The property abuts the Miami Valley Golf Course and is strategically located only 5 miles from both I-70 and I-75. The property is tax appraised at $857,280 and it was last listed at $495,000, but is available now to buy at the price you choose with no minimum and no reserve!

Broker participation is encouraged. Properties may be inspected during scheduled previews. For more details on how to receive the property information packages and complete terms, please visit www.AmeriBid.com or call 877-895-7077.

Headquartered in Tulsa, Okla., AmeriBid is the premier global real estate auction leader specializing in the sale of commercial and residential real estate, land properties and other assets for lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies and local, state and federal government agencies.

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John Pellow
877.895.7077