www.marejournal.com Mid Atlantic Real Estate Journal — June 14 - 27, 2013 — A M id A tlantic R eal E state J ournal A uctions Includes Bakken residence suites, a turnkey stabilized employee housing facility Sheldon Good & Company to auction 30+ acres “oil boom” site in North Dakota N ew York, NY — Sheldon Good & Company , America’s
and a current occupancy of 87%. Each unit comes with standard features including a kitchen with oven/range, refrigerator, microwave, solid surface countertops, washer/ dryer, bathroom (tub/shower), outdoor deck and gas bar- beque grill. The units are fully furnished and equipped with kitchenware, sheets and blankets, a 46” flat screen TV, and include parking and elec- trical hook-ups for 14 semi- trucks and one RV electrical hook-up. In addition to the 30+ acre Bakken Residence Suites par- cel, the auction provides an
opportunity for a prospective bidder to acquire a second par- cel. Parcel two is an additional contiguous 44 acres that will be available to the winning bidder for $968,000 ($22,000 per acre). “This region is experienc- ing a tremendous population increase as a result of the oil boom and housing is expected to remain in high demand for decades,” said John Cuticelli Jr. , CEO of Sheldon Good & Company. “Bakken Residence Suites provides investors with the opportunity to acquire a high-end stabilized employee housing facility, which gener-
ates substantial income, as well as future development land in the heart of the Bakken and Three Forks oil formations”. The purchase of a Bidder’s Information Packet is a re- quirement in order to register and submit an offer. A detailed Bidder’s Information Packet (BIP) has been assembled and contains information related to the property, the auction and the terms of sale. The BIP is available for $30.00 and is accessible in digital format at: (a) all On-Site Inspections; (b) from the office of Sheldon Good; (c) via e-mail, mail or fax order. This auction is being conducted
subject to the Terms of Sale as stated in the Bidder’s Informa- tion Packet and the Purchase and Sale Agreement. A 5% Buyer’s Premium will be added to the High Bid Price, Per the Terms of Sale. The Seller will pay a 1% referral fee to the Re- altor/Broker whose registered buyer closes on the property. Please refer to the Buyer/Broker registration requirements in the Terms of Sale, found in the Bidder’s Information Packet. On-site inspections are by ap- pointment only and will be held on June 19, 26, and July 10. The auction line is (800) 962-0939; fax (212) 213-9802. n
real estate auctioneer, has been retained to auction a 30.9-acre site located in Wat- ford City, North Dakota. The property, located at 2345 High- way 85 N, Watford City, North Dakota, includes Bakken Resi- dence Suites, a stabilized high-end, employee housing facility located in heart of the Bakken oil boom, one of the largest oil fields in the United States. The live, open outcry auction will take place at Grand International Hotel in Minot, ND onWednesday, July 17, with registration starting at 10:00 a.m. The auction will commence at 11:00am. Since 2008, the Bakken and Three Forks oil boom has re- sulted in close to 450 million barrels of oil being recovered. A recent April 2013 report published by the U.S. Geologi- cal Survey (USGS) states the available oil and natural gas is double the reserves previously thought to be available in the Bakken and Three Forks for- mations. The USGS Report now estimates the reserves to be at least 7.4 billion barrels of oil and 6.7 trillion cubic feet of natural gas. Watford City had a reported population of 1,700 in 2010 and current reports estimate the population has swollen to over 5,000. Most of the population increase is a result of oil-field workers chasing high-paying new jobs. According to the Minneapolis Federal Reserve, the region is anticipated to grow 7,000 to 10,000 more jobs per year. This increase in job growth is in ad- dition to the 17,000 currently unfilled jobs in the Bakken region. The current and ex- pected job market will secure a long-term need for employee housing keeping the rentals at the Bakken Residence Suites in high demand. The auction offering of 30+ acres consists of Bakken Resi- dence Suites, a high-end em- ployee housing rental facility constructed in the third quar- ter of 2011 on 15 acres and is comprised of 61 cabins. The balance of the property con- sists of a 5-acre development site with highway frontage and a 10.9-acre development site for additional employee housing. The turnkey offer- ing generates substantial in- come, $2,374,825 NOI (2012), averaging $160 per night
Thursday, June 27 @ 4pm ON SITE The property does not have a physical address, but is located next to: 11239 Acton Lane, King George, VA 22485 • 24.66 +/- acre approved subdivision in King George, VA • Public water and conventional septic system ABSOLUTE AUCTION-24 ACRE APPROVED SUBDIVISION IN KING GEORGE, VA
• This property is well located close to the Naval Surface Warfare Center Dahlgren Divi- sion, Rt. 301, Rt. 205, Rt. 3, Harry Nice Bridge into Maryland, and much more!! • Tax Map: 25-21A; Deed Book 436-773; Zoned A-2 • Property plat is located at “Files” tab on upper left side of page • OSE reports are located at “Files” tab on the upper left side of page or by click- ing the following link: OSE Reports
We will also be selling 2 Stratford Harbour/Stratford Bay Estates Lots from his location as well
ABSOLUTE AUCTION-2 BUILDING LOTS IN STRATFORD BAY ESTATES, MONTROSS, VA Thursday, June 27 @ 4pm These lots will be sold OFF SITE at the property adjacent to 11239 Acton Ln., King George, VA • Lot 26 is 1.59 acres and Lot 27 is .62 acres • Both lots have public water; conventional septic for lot 26; lot 27 has not been perked • Tax Map: 22E-26 & 22E-27; Deed Book 789, Pg. 1258 • Lots will be offered individually or together • Only $5,000 Suggested Starting Bid!! ABSOLUTE AUCTION-4-BR / 2.5 BA HOME ON 1.9 ACRES IN KING GEORGE, VA
Thursday, June 27 @ 6pm ON SITE 13459 Spruce Drive, King George, VA 22485 • 4 BR/2.5 BA cedar sided ranch style home (3,024 +/- sf. w/ 1,512 sf above grade) • Kitchen (all appliances convey); large family room w/fireplace and vaulted ceiling; living room w/wood burning stove; dining room; full partially finished basement; 2 car attached garage; home built in 1985 • Well built home on 1.938 acres. 50x30 shop w/ electricity & water. • Only $50,000 Suggested Starting Bid!!
ATTN REALTORS: Pre-registered (by 5 pm 6/26/13) broker participation will be compensated!! Home Tour: Thursday, June 20 @ 6pm SHARP. Please contact Kelly Strauss for more information or a private preview of the home (540-226-1279).
Please contact Kelly Strauss for more information: 540.226.1279 Nicholls Auction Marketing Group www.nichollsauction.com
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