Foreclosure - 11,736 SF Multi-Tenant Office Building Alexandria, VA

Foreclosure auction of a 11,736 +/- square foot, 2-story, brick office building with 8 condo units. The building is part of the Pinecrest Office Park Condominium that is responsible for exterior and common area maintenance. The building is comprised of 8 separate condominium units, believed to be configured as 5 separate spaces, being sold in the entirety. Great location inside the Beltway with easy access to I-395 and I-495. Ample surface parking. The property is zoned C-2 (Limited Office). This is perfect for the professional who wants to occupy a portion of the building and have an income producing investment.

Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

VAAF423

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Jeff Stein

Jeff Stein: Tranzon Key

703-539-8111 jstein@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

• Buyer's Premium: None
• Closing: Closing shall occur within twenty (20) days of the date of the sale; however, the Substitute Trustee reserves the right to extend the time for settlement, time being of the essence. See Notice of Substitute Trustee's Sale in Property Information Package.
• Deposit Amount: A deposit in the amount of $75,000, payable by cashier’s check, made payable to the Substitute Trustee, or other form acceptable to the Substitute Trustee, will be required of the successful bidder at the time and place of sale. The Purchaser shall be required to increase the Deposit to ten percent (10%) of the bid price within seven (7) calendar days following the date of sale. Notice of Substitute Trustee's Sale in Property Information Package.
• Broker Co-op: 1% of the high bid will be paid to a properly registered broker at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.