6002 US HIGHWAY 50 LAMAR CO 81052

BID, BUY, OWN

24,000 sqft. Industrial Warehouse on 6.3 Acres

No Minimum, No Reserve

WILL ABSOLUTELY SELL REGARDLESS OF PRICE!

Live Online Auction

July 23rd at 1:07pm

Bid, Buy, and Own

24,000 sqft. Industrial

Warehouse on 6.3 Acres

No Minimum, No Reserve

WILL ABSOLUTELY SELL

REGARDLESS OF PRICE

Live Online Auction

July 23rd at 1:07pm MST

Countdown

6002 US HIGHWAY 50 LAMAR CO 81052

RETIREMENT AUCTION: SELLER

FINANCING AVAILABLE

Auction Details

Address:

6002 US HIGHWAY 50

LAMAR CO 81052


Auction

No Minimums, No Reserve - Will Sell To The Highest Bidder Regardless Of Price

Auction Location:

Live Online Auction

Auction Date:

July 23rd at 1:07 pm

Fees & Commission

Bid Deposit: $20,000

Auction Premium: 10%

Broker CO-OP: 2.5%

Property Preview

July 11th & 18th 1-3pm

PROPERTY HIGHLIGHTS

AABSOLUTE AUCTION — Selling to the Highest Bidder Regardless of Price — No Minimums, No Reserves — Thursday, July 23rd at 1:07 PM! Seller Financing Available

 

Whether you’re an investor looking for cash-flowing industrial real estate or an owner-operator ready to move your business into a turnkey heavy-industrial property — this is the auction you’ve been waiting for.

Seize Your Opportunity to BID, BUY, and OWN this exceptional 6.3-acre industrial site with two deeded properties; one including 2.2 acres and 2 buildings totaling almost  24,000square feet of warehouse/shop, office and storage, the second property is over 4 acres of outside storage. Located at 6002 US Highway 50, Lamar, CO 81052 — a prime industrial opportunity directly on the Ports-to-Plains corridor connecting Mexico to Canada. With unmatched highway frontage at the intersection of US Hwy 50 and US Hwy 287, two on-site bridge cranes, twelve grade-level doors, 20-foot clear heights, and 4 acres of outside storage, this is heavy-industrial real estate ready to perform — perfect for an owner user orinvestor! 

 

WHO THIS PROPERTY IS FOR:

·  Industrial Investors: Acquire a hard-asset industrial property in a market with limited competing inventory, stable regional demand from agriculture/logistics/energy, and meaningful upside on lease-up, owner-operator sale, or value-add improvements. Outside the Front Range cap-rate compression — real yield potential.

· Owner-Operators & End-Users: Move in, plug in, and run. Twelve grade doors, 20-foot clear, bridge cranes, floor drains, city utilities, 5-acre yard, and a 2019 membrane roof. Perfect for trucking, diesel/auto service, fleet maintenance, logistics, distribution, manufacturing, agricultural equipment service, oilfield service, or any heavy-use operation.

Trucking and Logistics Hub: Its location on US Hwy 50 makes it an ideal spot for trucking companies, offering easy access to major highways and transportation routes. 

· Manufacturing and Storage: The approximately 24,000 square foot between 2 buildings on 6.3 acres, including 4 acres of outside storage. The property provides ample space for manufacturing, warehousing, or storage operations. 

· Agricultural Business: Lamar's strong agricultural economy makes it a great location for businesses related to farming, ranching, or agricultural equipment sales and repair. 

· Diesel Repair and Maintenance: Arkansas Valley Diesel Service, Inc. has been  operating at this location since 1982, offering diesel truck repair and maintenance services. 

· Industrial or Commercial Development: The property's zoning allows for commercial or industrial use, making it attractive for developers looking to build or expand operations. 

Whatever you build, run, or store — this is the kind of high-clear-height, crane-capable, highway-fronting industrial real estate that doesn’t come to market often. 

 

Important Note: This auction is for the REAL ESTATE ONLY. The business, inventory, and shop equipment will be sold separately. The buyer of the real estate is acquiring a clean, vacant industrial property — land and buildings, ready for the next operator or investor.

 

PROPERTY HIGHLIGHTS:

This 6.3+/-acre industrial site offers two steel-construction buildings totaling approximately 24,000 square feet on a 6–8" concrete foundation, plus 4+/- acres of secure outside storage.  

Also included: Two boxcars, one small square building and one trailer all for extra storage. 

The exterior is a clean, professional metal-clad silhouette with high-visibility highway frontage on US Hwy 50 — one of Colorado’s most active commercial corridors. 

 

· Heavy-Industrial Footprint: Two steel buildings — Building 1 (main building) at 16,914 SF and Building 2 at 7030 SF — totally almost 24,000 SF of warehouse/shop including officeand storage space. Twelve grade-level overhead doors provide drive-through access for tractor-trailers, heavy equipment, and oversize loads. 

· Crane-Capable Shop: Main building has 20-foot clear heights, two 1,000-pound bridge cranes, floor drains throughout, and a 6–8" reinforced concrete foundation built to handle heavy equipment, repair operations, and high-load manufacturing.

· Recent Capital Improvements: Steel construction (1984), substantially renovated in 2000 and 2019. New membrane roof installed in 2019 — a major capital improvement already done for the next owner.

·  4+ Acre Outside Storage Yard: Four acres of fully usable yard / outside storage — ideal for tractor-trailer parking, equipment yards, container storage, fleet staging, or future building expansion.

· Highway 50 Frontage: Direct frontage on US Hwy 50 at the Hwy 287 intersection — the Ports-to-Plains corridor running from Mexico to Canada. Steady truck traffic, easy ingress/egress for tractor-trailers, and exceptional visibility.

·  Flexible Zoning: Zoned Commercial or Industrial. Permitted uses include Auto, Warehouse, and Storage — flexible for almost any heavy-use operator.

· City Utilities: City sewer and city water connections in place — no septic, no well dependencies.

Location Highlights:

· Hwy 50 + Hwy 287 intersection — Ports-to-Plains corridor (Mexico to Canada)

· Direct truck routes to Pueblo, Colorado Springs, Denver, Kansas City, and the Texas panhandle

· Regional hub for agriculture, logistics, energy, and construction

· Lower operating costs vs. Front Range industrial markets

· Limited competing industrial inventory in the region

Don’t miss your chance to BID, BUY, and OWN this prime industrial property on July 23rd— register today! Auctions are fun and easy, and our staff is here to answer questions and guide you through the process for a seamless transaction.

At- A- Glance

-Site: 6.3+/- acres total, including 4+/- acres of outside storage/yard 

- Total Building SF: 23,965 (Building 1 (main) 16,914+/-  SF; Building 2 — 7030+/- SF) 

-Seller Financing Available

-Year Built: 1984  •  Renovated: 2000 & 2019

- Roof: Membrane (replaced 2019)

- Construction: Steel

- Foundation: Concrete, 6–8" thick

- Clear Height: 20 feet

- Grade Doors: 12

- Cranes: Two bridge cranes [VERIFY capacity]

- Yard / Outside Storage: Yes — 4 acres

- Floor Drains: Yes

- Zoning: Commercial or Industrial — Auto / Warehouse / Storage permitted

- Frontage: US Hwy 50

-Utilities: City sewer & water

- Tax Annual Amount: $3,058 (2024)

What’s Included:Real estate including two boxcars, one small square building and one trailer to be included for extra storage 

 

PARTS & SHOP INVENTORY TO BE SOLD SEPARATELY:   

Shop Equipment to be sold at separate auction, to include: 

Custom built welding trailer with road call equipment. 

1960 International 240 Series A tractor. 

Caterpillar V50C forklift 

Otis Material Handling Company forklift. 

1996 Dodge Ram service truck with 5.9L Cummins diesel engine and integrated tool bed. 

Centralized air compressor system throughout all 8 interior bays and two large air tanks attached to building 

Custom shop tools, shop tools, wheel lifts, Stemco

alignment machine, Stemco APE axle repair machine, tools & bits, wheel stands, floor jacks, transmission and clutch jacks, heavy shop benches, all engine repair tools, large ports-air cooler 

Office desks 

Office shelving 

Custom commercial large scale welding and fabrication

equipment 

Custom pipe racks  & Custom storage racks 

On premise incinerator 

Bendpak 2 post lift 

Parts washers 

Sandblasters 

One other bridge crane currently not installed in the shop. 

Wire enclosed pallet style storage containers. 

Rolling parts carts. 

Gates hydraulic hose crimp machine, bench and interchangeable DIES 

 

Parts Business System: 

 

Over 5 million in catalogued and documented inventory with integrations built into the business system that would allow you to sell this inventory from day one including customer web portal and eBay selling custom integrations. 

Fully customized Customer Relationship Manager software that integrates with Ebay and the business system that allows you to track customers, sales, proposals, communications, tags, etc. This is a subscription based online solution with an inexpensive monthly fee.  

Over 100 cabinet drawers with small parts and bolt bins included. This is approximately 100k of new inventory not included in inventoried parts total. 

Approximately $1 million plus added value un-catalogued and un-inventoried from recent acquisitions.

 

Thousands of rebuildable cores to either build inventory or sell to core buyers. 

All parts shelves, bins, parts containers included. 

Full Navistar/International parts lookup capabilities.  

Full Stemco warehouse distributor agreement.  

Full Interstate-McBee distributor agreement.  

Full Dayton Parts distributor agreement.  

Full Dorman Heavy Duty distributor agreement.  

Full Freightliner parts lookup capabilities and near dealer pricing.  

Strong parts affiliations with Freightliner, Caterpillar, Cummins, Detroit Diesel, Western Star and Sterling.  

Three exclusive parts dealerships that sell parts to us dealers at 25% and 50% off dealer cost.  

Over 100 existing parts purchasing channels with regional and nationwide vendors.·  

Over 55,000 existing parts & service customers with full contact information and sales histories that can be used to market your business.  

Parts cataloguing exclusive to dealers for Navistar, Freightliner, Western Star, Sterling, Detroit Diesel ,Caterpillar, Cummins.  

Karmak (DSI) exclusive truck dealership software-500k investment over 25+ years. Transfer fee waived for buyer. Buyer will pay monthly support fees. This is state of the art dealership software used by over 90% of truck dealerships nationwide. 

 

 

RETIREMENT AUCTION: SELLER

FINANCING AVAILABLE

Auction Details

Address:

6002 US HIGHWAY 50 LAMAR CO 81052

Auction Type:

No Minimums, No Reserve - Will Sell To The Highest Bidder Regardless Of Price

Auction Location:

Live Online Auction

Auction Date:

July 23rd at 1:07 pm

Fees & Commission

Bid Deposit: $20,000

Auction Premium: 10%

Broker CO-OP: 2.5%

Preview Dates:

July 11th & 18th

1:00-3:00pm

PROPERTY HIGHLIGHTS

ABSOLUTE AUCTION — Selling to the Highest Bidder Regardless of Price — No Minimums, No Reserves — Thursday, July 23 at 1:07 PM!

 

Whether you’re an investor looking for cash-flowing industrial real estate or an owner-operator ready to move your business into a turnkey heavy-industrial property — this is the auction you’ve been waiting for.

Seize Your Opportunity to BID, BUY, and OWN this exceptional 6.3-acre industrial site with two deeded properties; one including 2.2 acres and 2 buildings totaling almost  24,000 square feet of warehouse/shop, office and storage, the second property is over 4 acres of outside storage. Located at 6002 US Highway 50, Lamar, CO 81052 — a prime industrial opportunity directly on the Ports-to-Plains corridor connecting Mexico to Canada. With unmatched highway frontage at the intersection of US Hwy 50 and US Hwy 287, two on-site bridge cranes, twelve grade-level doors, 20-foot clear heights, and 4 acres of outside storage, this is heavy-industrial real estate ready to perform — perfect for an owner user or investor! 

 SELLING REGARDLESS OF PRICE WITH SELLER FINANCING AVAILABLE!

WHO THIS PROPERTY IS FOR:

·  Industrial Investors: Acquire a hard-asset industrial property in a market with limited competing inventory, stable regional demand from agriculture/logistics/energy, and meaningful upside on lease-up, owner-operator sale, or value-add improvements. Outside the Front Range cap-rate compression — real yield potential.

· Owner-Operators & End-Users: Move in, plug in, and run. Twelve grade doors, 20-foot clear, bridge cranes, floor drains, city utilities, 5-acre yard, and a 2019 membrane roof. Perfect for trucking, diesel/auto service, fleet maintenance, logistics, distribution, manufacturing, agricultural equipment service, oilfield service, or any heavy-use operation.

Trucking and Logistics Hub: Its location on US Hwy 50 makes it an ideal spot for trucking companies, offering easy access to major highways and transportation routes. 

· Manufacturing and Storage: The approximately 24,000 square foot between 2 buildings on 6.3 acres, including 4 acres of outside storage. The property provides ample space for manufacturing, warehousing, or storage operations. 

· Agricultural Business: Lamar's strong agricultural economy makes it a great location for businesses related to farming, ranching, or agricultural equipment sales and repair. 

· Diesel Repair and Maintenance: Arkansas Valley Diesel Service, Inc. has been  operating at this location since 1982, offering diesel truck repair and maintenance services. 

· Industrial or Commercial Development: The property's zoning allows for commercial or industrial use, making it attractive for developers looking to build or expand operations. 

Whatever you build, run, or store — this is the kind of high-clear-height, crane-capable, highway-fronting industrial real estate that doesn’t come to market often. 

 

Important Note: This auction is for the REAL ESTATE ONLY. The business inventory, and shop equipment will be sold separately. The buyer of the real estate is acquiring a clean, vacant industrial property — land and buildings, ready for the next operator or investor.

 

PROPERTY HIGHLIGHTS:

This 6.3+/-acre industrial site offers two steel-construction buildings totaling approximately 24,000 square feet on a 6–8" concrete foundation, plus 4+/- acres of secure outside storage.  

Also included: Two boxcars, one small square building and one trailer all for extra storage. 

The exterior is a clean, professional metal-clad silhouette with high-visibility highway frontage on US Hwy 50 — one of Colorado’s most active commercial corridors. 

 

· Heavy-Industrial Footprint: Two steel buildings — Building 1 (main building) at 16,914 SF and Building 2 at 7030 SF — totally almost 24,000 SF of warehouse/shop including officeand storage space. Twelve grade-level overhead doors provide drive-through access for tractor-trailers, heavy equipment, and oversize loads. 

· Crane-Capable Shop: Main building has 20-foot clear heights, two 1,000-pound bridge cranes, floor drains throughout, and a 6–8" reinforced concrete foundation built to handle heavy equipment, repair operations, and high-load manufacturing.

· Recent Capital Improvements: Steel construction (1984), substantially renovated in 2000 and 2019. New membrane roof installed in 2019 — a major capital improvement already done for the next owner.

·  4+/- Acre Outside Storage Yard: Four acres of fully usable yard / outside storage — ideal for tractor-trailer parking, equipment yards, container storage, fleet staging, or future building expansion.

· Highway 50 Frontage: Direct frontage on US Hwy 50 at the Hwy 287 intersection — the Ports-to-Plains corridor running from Mexico to Canada. Steady truck traffic, easy ingress/egress for tractor-trailers, and exceptional visibility.

·  Flexible Zoning: Zoned Commercial or Industrial. Permitted uses include Auto, Warehouse, and Storage — flexible for almost any heavy-use operator.

· City Utilities: City sewer and city water connections in place — no septic, no well dependencies.

Location Highlights:

· Hwy 50 + Hwy 287 intersection — Ports-to-Plains corridor (Mexico to Canada)

· Direct truck routes to Pueblo, Colorado Springs, Denver, Kansas City, and the Texas panhandle

· Regional hub for agriculture, logistics, energy, and construction

· Lower operating costs vs. Front Range industrial markets

· Limited competing industrial inventory in the region

Don’t miss your chance to BID, BUY, and OWN this prime industrial property on July 23rd— register today! Auctions are fun and easy, and our staff is here to answer questions and guide you through the process for a seamless transaction.

Lamar Industrial Warehouse

At- A- Glance

  • 6.3+/- acres total, including 4+/- acres of outside storage/yard 

  • Total Building SF: 23,965 (Building 1 (main) 16,914+/-  SF; Building 2 — 7030+/- SF) 

  • Year Built: 1984  •  Renovated: 2000 & 2019

  • Roof: Membrane (replaced 2019)

  • Construction: Steel

  • Foundation: Concrete, 6–8" thick

  • Clear Height: 20 feet

  • Grade Doors: 12

  • Cranes: Two bridge cranes

  • Yard / Outside Storage: Yes — 4 acres

  • Floor Drains: Yes throughout

  • Zoning: Commercial or Industrial — Auto / Warehouse / Storage permitted

  • Frontage: US Hwy 50

  • Utilities: City sewer & water

  • Tax Annual Amount: $3,058 (2024)

  • What’s Included: Real estate including two boxcars, one small square building and one trailer to be included for extra storage 

  • SELLER FINANCING AVAILABLE

 

PARTS INVENTORY BUSINESS TO BE SOLD SEPARATELY:   

Shop Equipment to be sold at separate auction, to include: 

  • Custom built welding trailer with road call equipment. 

  • 1960 International 240 Series A tractor. 

  • Caterpillar V50C forklift 

  • Otis Material Handling Company forklift. 

  • 1996 Dodge Ram service truck with 5.9L Cummins diesel engine and integrated tool bed. 

  • Centralized air compressor system throughout all 8 interior bays and two large air tanks attached to building 

  • Custom shop tools, shop tools, wheel lifts, Stemco alignment machine, Stemco APE axle repair machine, tools & bits, wheel stands, floor jacks, transmission and clutch jacks, heavy shop benches, all engine repair tools, large ports-air cooler 

  • Office desks 

  • Office shelving 

  • Custom commercial large scale welding and fabrication equipment 

  • Custom pipe racks 

  • Custom storage racks 

  • On premise incinerator 

  • Bendpak 2 post lift 

  • Parts washers 

  • Sandblasters 

  • One other bridge crane currently not installed in the shop. 

  • Wire enclosed pallet style storage containers. 

  • Rolling parts carts. 

  • Gates hydraulic hose crimp machine, bench and interchangeable DIES 

 

Parts Business: 

 

  • Over 5 million in catalogued and documented inventory with integrations built into the business system that would allow you to sell this inventory from day one including customer web portal and eBay selling custom integrations. 

  • Fully customized Customer Relationship Manager software that integrates with Ebay and the business system that allows you to track customers, sales, proposals, communications, tags, etc. This is a subscription based online solution with an inexpensive monthly fee.  

  • Over 100 cabinet drawers with small parts and bolt bins included. This is approximately 100k of new inventory not included in inventoried parts total. 

  • Approximately $1 million plus added value un-catalogued and un-inventoried from recent acquisitions.  

  • Thousands of rebuildable cores to either build inventory or sell to core buyers. 

  • All parts shelves, bins, parts containers included. 

  • Full Navistar/International parts lookup capabilities.  

  • Full Stemco warehouse distributor agreement.  

  • Full Interstate-McBee distributor agreement.  

  • Full Dayton Parts distributor agreement.  

  • Full Dorman Heavy Duty distributor agreement.  

  • Full Freightliner parts lookup capabilities and near dealer pricing.  

  • Strong parts affiliations with Freightliner, Caterpillar, Cummins, Detroit Diesel, Western Star and Sterling.  

  • Three exclusive parts dealerships that sell parts to us dealers at 25% and 50% off dealer cost.  

  • Over 100 existing parts purchasing channels with regional and nationwide vendors.·  

  • Over 55,000 existing parts & service customers with full contact information and sales histories that can be used to market your business.  

  • Parts cataloguing exclusive to dealers for Navistar, Freightliner, Western Star, Sterling, Detroit Diesel ,Caterpillar, Cummins.  

  • Karmak (DSI) exclusive truck dealership software-500k investment over 25+ years. Transfer fee waived for buyer. Buyer will pay monthly support fees. This is state of the art dealership software used by over 90% of truck dealerships nationwide. 

All property measurements are approximate. All information on this website was delivered from sources believed to be correct, but not guaranteed. It is the buyer’s responsibility to verify all property specifications prior to the auction date. Prestige Real Estate Auction, LLC is an agent of the seller. Announcements take precedence over printed materials. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state.


For Complete Terms & Conditions, go to the Property Information Packet on this website.

Property Information Packet

Location, Location, Location

Lamar is a key transportation hub on the eastern Colorado plains, sitting at the intersection of two major highways — US Hwy 50 and US Hwy 287 — and forming the Ports-to-Plains trade corridor between Mexico, the central U.S., and Canada. The region’s economy is anchored by agriculture, logistics, energy, and construction — all of which depend on the kind of heavy-industrial real estate this property offers.

 

Lamar, Colorado – Economic Development & Commercial Market Highlights:

• Major New Mixed-Use Commercial Development Currently Underway (“Project One”)
One of the largest recent development projects in Lamar is a new mixed-use commercial project known as Project One, which recently advanced through annexation and rezoning approvals with the Lamar City Council in April 2026. The development is being spearheaded through Prowers Economic Prosperity and is designed to serve regional traffic and future business growth. Planned uses include retail, hospitality, medical services, commercial space, and transportation-related businesses, signaling strong forward-looking commercial investment in the market.

• Strategic Transportation Hub with Strong Regional Traffic Counts
Lamar is strategically positioned at the intersection of U.S. Highway 50, U.S. Highway 287, and U.S. Highway 385, making it one of the primary transportation crossroads in Southeast Colorado. Traffic studies tied to current development planning estimate 20,000+ vehicles per day traveling through major commercial corridors, creating strong demand for truck stops, automotive services, industrial users, convenience retail, quick-service restaurants, hospitality, and logistics-related businesses.

• Recently Adopted 2025 Comprehensive Growth Plan Focused on Business Expansion
The City of Lamar recently adopted a new 2025 Comprehensive Plan specifically designed to encourage long-term economic development and private investment. Key priorities within the plan include attracting new businesses, expanding infrastructure, workforce development initiatives, industrial growth, redevelopment incentives, and diversifying the local economy beyond agriculture. This demonstrates a proactive push by local government to support future commercial development and investor activity.

• EPA Brownfield Redevelopment Grant Supporting Commercial Redevelopment
Lamar is currently administering a 5-year, $500,000 EPA Brownfield Assessment Grant Program, which is being used to support environmental assessments, site cleanup, redevelopment planning, and repositioning underutilized commercial properties. This funding helps reduce redevelopment barriers for investors and further supports future commercial growth throughout the area.

• Ongoing Downtown Revitalization Initiatives
The city and local organizations continue investing in downtown revitalization efforts, including façade improvement programs, small business development initiatives, filling vacant storefronts, historic preservation efforts, and improving the overall pedestrian and business environment. These efforts are helping improve retail occupancy and encourage additional business activity throughout Lamar’s core commercial district.

• Active Commercial Development & Available Expansion Opportunities
The Lamar market currently has multiple active commercial development sites, industrial land listings, highway frontage parcels, and redevelopment opportunities being marketed throughout the region. Continued development activity suggests growing interest from investors and business operators looking to capitalize on the market’s transportation advantages and regional importance.

• Primary Economic Center for Southeast Colorado
Lamar functions as the primary economic center for Southeast Colorado and serves surrounding communities as a regional hub for healthcare, retail services, government offices, agriculture commerce, hospitality, and transportation-related businesses. The city benefits from several major institutions including Lamar Community College, Prowers Medical Center, Prowers County government offices, and multiple agriculture and industrial employers, helping support consistent economic activity across the region.

• Long-Term Demand Drivers Supporting Commercial Real Estate Activity
Current public and private investment throughout Lamar is being driven by continued demand tied to agriculture operations, transportation logistics, industrial services, commercial retail expansion, healthcare growth, hospitality demand, and redevelopment-focused investment activity, positioning the market for continued long-term economic growth.


Directions

6002 US Highway 50, Lamar, CO 81052





Email: [email protected]

US-50, Lamar, CO, USA

Directions

6002 US HIGHWAY 50 LAMAR CO 81052

6002 US-50, Lamar, CO 81052, USA

CONTACT

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Janelle Karas

Prestige Real Estate Auction

Janelle Karas commenced her Real Estate career in 1989 in “list and sell” Real Estate, and has been involved in the mortgage industry, real estate development and investing. Since June 2002, Janelle has worked exclusively in the Real Estate Auction industry and has successfully sold hundreds of properties in the Western United States via auction.


- Auctioneer



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Jack Reilly

Transworld Commercial Real Estate

Jack Reilly offers a decade of experience in the commercial brokerage industry, specializing in a wide array of property types, including land, industrial and flex spaces, multifamily units, investment and NNN properties, retail, residential, and office spaces. His extensive expertise equips him to support property owners in both the sale and leasing of real estate. His expertise in lease negotiations and commercial sales, combined with a background in business consulting, equips him to address the unique real estate needs of companies of all sizes. Dedicated to protecting his clients’ best interests, Jack is known for his collaborative approach, meticulous attention to detail, and unwavering commitment to integrity and perseverance.


- CRE Broker,



TERMS & CONDITIONS

 Property Address: 6002 US HIGHWAY 50 LAMAR CO 81052

Auction: No Minimums, No Reserves

Bidders Registration: All prospective buyers must register to bid. An initial deposit of $10,000 in the form of a wire transfer payable to Prestige Real Estate Auction will be required to bid at the auction along with signed Terms and Conditions, Property Information Package Receipt, Bidder Registration Card and Initial Bid Form. The $20,000 deposit will be immediately returned in the event the bidder is unsuccessful. (wire instructions will be included in your registration packet).  Registration must be completed 48 hours prior to the auction.

Initial Bid:  To register you are required to submit an initial bid. Initial bids do not constitute a contract nor commencement of the auction.  Once prospective buyers place initial bids and the auction company formally commences the auction, each initial bid is binding on the respective bidder.

Buyer’s Premium: A 10% Buyer’s Premium will be added to final bid and included in total Contract Price.

Earnest Money Deposit: 10% non-refundable earnest money deposit will be due immediately after being declared the winning-bidder. The remainder of the earnest money deposit (above the initial deposit) can be paid by check or wire transfer. Wire transfers must post within 24 hours after being declared the winning-bidder. This amount will be applied to the purchase price and will be deposited in the brokers escrow account.

Purchase Contract: Winning-bidder hereby agrees to enter into an Auction Buy/Sell Contract to Purchase the property immediately upon being declared the Winning-Bidder by the Auctioneer.  For on-line bidders: upon the close of the auction the winning-bidder will be forwarded via email an Auction Buy/Sell Contract to Purchase the property for electronic signature. Purchase Contract must be signed and returned, along with earnest money deposit, within than 24 hours from being declared the winning-bidder or will forfeit their initial deposit.

Phone and On-line Bidding: Phone and On-line bidding is available. Registration must be completed 48 hours prior to the auction. All terms will apply as if you were participating at the auction in person. Wire transfer of the $20,000 will be required. Please contact Auction Company for full details.

Closing: The remaining balance of the Contract Price is due in cash or new loan at closing within 30 days of the close of the auction. A Special Warranty Deed will be supplied by the seller at the seller’s expense giving marketable title subject to restrictions of record. Taxes & Homeowner’s Association fees are pro-rated. Title insurance will be at the buyer’s expense.

No Financing Contingency: By participating in this auction, bidders hereby agree that their bid shall NOT  be subject to the bidder’s ability to obtain financing and there are no financing contingencies. We encourage you to have a full written approval before bidding. The balance is due in cash or new loan at closing within 30 days.

Bidder Information Package: A Package of information has been assembled for this property and may include; disclosures, title documentation, HOA Docs, surveys, inspection reports, etc.

Property Previews:  Public Previews are scheduled on specific dates and times. It is highly recommended that all bidders personally inspect the property prior to placing any bids in the auction. Property inspections are the sole responsibility of the bidders.

Conduct of Auction: Conduct of auction and bidding increments are at the discretion of Prestige Real Estate Auction. Prestige Real Estate Auction reserves the right to deny any person admittance to the auction.

Broker Participation Invited: Prestige Real Estate Auction is offering a 2.5% Broker CO-OP to the broker that brings the successful high bidder. Brokers must register their buyer 48 hours in advance subject to established Prestige Real Estate Auction guidelines. Contact our office for more information 877-612-8494.

Disclaimer:  All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to bidding. All information is deemed reliable but not guaranteed- you must do your own due diligence.

Disclaimer: Prospective buyer’s submission of registration documents does not constitute commencement of the auction or a guarantee that the auction for all or any of the property will occur. The auction will formally commence when the auctioneer places first bid whether live, webinar or online. Seller and/or auction company have the right to extend the auction date and/or withdrawal any or all the property prior to commencement of the auction. Seller has the right to accept or reject any offers to purchase all or any of the property prior to commencement of the auction. Upon commencement of the auction, property will sell to the highest bidder regardless of price including Buyer’s Premium

Prestige Real Estate Auction

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Suite 318

Denver, CO 80224

Phone: +1 877-216-2304

Email: [email protected]

Copyright @ Prestige Auction 2021 All Rights Reserved