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The secured lender, StanCorp Mortgage Investors, LLC,
has spent approximately $110,000 in flood remediation
and approximately $40,000 in repairs including
removal of damaged flooring, doors and partial walls
in both buildings. The remediation was conducted by
a state licensed industrial hygienist and was certified as
complete.
The multi-tenant building has one suite with 1,250±
square feet now available for lease.
A Property Condition Assessment and Phase I
Environmental Site Report dated February 2, 2015
and prepared by AEI Consulting are available in the
Supplemental Information Package.
The secured lender will allow each building to be sold
individually at the Trustee’s Sale, as each building is
situated on an individual tax lot.
THE BUILDINGS
The ten-foot high buildings were constructed in 1980 and
1981 and are each on a separate tax lot. The buildings
are on a reinforced concrete slab, and have metal
frame siding, and metal roof with wood frame facades.
Heating is forced hot air with individual HVAC. All
utilities, including gas, serve both buildings. There is a
shared parking lot with 69 spaces and a Pylon sign for
the multi-tenant building.
The building at 22825 Antelope Blvd was built in 1981,
has a gross building size of 8,750± square feet, with net
rentable of 8,718± square feet. There is a total of six
suites which have been rented to three tenants. Current
tenants are Stove Junction, which occupies Suites C and
D, with 2,200± square feet of net rentable area, North
State Starter and Alternator Exchange, which occupies
Suite E, with 1,750± square feet of net rentable area, and
Lighthouse Living Service, which occupies Suite F, with
3,500± square feet of net rentable area. Current annual
base rent is $40,272.
Suite A is vacant, and contains 1,250± square feet of
net rentable area. Copies of existing leases are in the
Supplemental Information Package.
The building at 22835 Antelope Blvd was built in 1980,
has a gross building size of 7,500± square feet, with net
rentable of 7,157± square feet. It is vacant and is in shell
condition.
ZONING
The zoning is C-3 (General Commercial). Zoning
designation and detail is included in the Supplemental
Information Package.
Property has strategic location at Highway 36 and Antelope Blvd.
22825 Antelope Blvd., Tax Lot 041-230-23-1.
2014-2015 Taxes $4,515. Tax Assessment: $446,690
22835 Antelope Blvd., Tax Lot 041-230-23-1.
2014-2015 Taxes: $3,604. Tax Assessment: $356,605
PROPERTY INSPECTION
A Court Appointed Receiver is available for property inspections, by appointment only. Prospective
bidders should contact Sharon Peede at the Auction Information Office at 1-800-845-3524.
