#101 • 114 E. Lauridsen Blvd, Port Angeles WA 98362 (Clallam County)

Part of Lender Owned Auction of Retail & Industrial Properties in WA & MT (timed auction by Auction Management Corp.)

High bid $1,560,000.00

Status: Sold

Category: Real Estate

Sold for $1,716,000 114 E. Lauridsen Blvd, Port Angeles WA 98362 (Clallam County) 47,388±SF Retail Bldg. on 4.3± Acres Selling Online Only Wednesday, August 16 at 10:00 AM PT Closing Deadline: September 18, 2017 Inspection: Monday, August 7 & Monday, August 14 at 11:00 AM PT SHARP Sale Manager: Chris Pauling, 509-895-9300, cpauling@bhhscentral.com Onsite Rep: Jeff Johnstonbaugh, 917-881-9255, jeff@AMCbid.com   Property Description: Located in the Puget Sound Basin, the structure was originally built in 1995 and recently remodeled as a Haggen grocery store in 2015. The 47,388±SF concrete and metal building with slab-on-grade foundation is on the western end of the 4.33± acre site, and has 20 foot ceilings, divided into main retail area, deli, bakery, office and pharmacy. The loading dock and industrial trash compactor are located at the north end of the building. Food processing and preparation equipment is still in the building. The building has been vacant since approximately August of 2016. The remaining site is mostly paved with 197 regular parking spaces plus 7 handicapped, for a total of 204 marked spaces. The lot is bounded on west by 436 feet of Laurel Street frontage (one curb cut), on the north by 508 feet of Lauridsen Blvd frontage (one curb cut), & 317 feet of frontage on Lincoln Street (one curb cut) to the east. A 20 foot wide alley adjoins the south side.   Clallam County Parcel tax number is 0630105091000000. 2017 taxes were $27,109.40 per half or $54,218.86 total on a tax valuation of $4.787 million. Zoned CSD - Commercial Shopping District.   A May 10, 2017 Phase 1 Environmental Site Assessment revealed no RECs in connection with the site. There is a Historical Recognized Environmental Condition (HREC) in the form of a service station at the northeast corner of the site, which received a No Further Action opinion from the Washington State Department of Ecology in 1995. Another service station formerly present in the northwest corner is also considered an HREC, pending additional reporting and review of related materials detailing subsurface investigation by the Washington State Department of Ecology.     Auction Conducted in Conjunction & Cooperation with: Berkshire Hathaway HomeServices Central WA Real Estate, Broker# 24323       This auction features a grouped bid extension - please see details in terms below.   Terms:  Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close by September 12, 2017. Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.   All of the properties sell individually as "lots" however they are all tied together by the auction clock. We will set a bid deadline for all of the assets. Once we get within 5 minutes of that bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window.   This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "Live Auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid.   With that in mind, don't wait out the bid until the last second, as it can put you at risk for not getting your bid in before the 5-minute clock runs out.