Sealed Bid Sale Extended to July 31, 2020 Executive Summary Geneva - PowerPoint PPT Presentation

Shearer Executive Compound Sealed Bid Auction Mims, Volusia County, Florida Sealed Bid Sale Extended to July 31, 2020

Executive Summary Geneva Land Services, Inc. has been retained to offer qualified buyers the opportunity to acquire the Shearer Executive Compound in Mims, Volusia County, Florida. The Shearer Executive Compound sits on 3 contiguous parcels in the heart of Central Florida. This private, secluded family headquarters estate boasts a total of 21 structures, including three single-family residences and multiple buildings previously utilized to house, restore, and maintain a large private automobile collection. In addition to state-of-the-art workshops and warehouses, there are water filtration systems and back-up generators that make the entire facility self- sustaining. The property has been meticulously maintained and is completely and tastefully fenced and gated, providing maximum security. As you will see, this estate has the potential to suit a variety of unique needs and interests. The facility would be especially attractive for buyers with any type of warehousing, storage, and shop needs, such as automobile enthusiasts (up to 200 cars can be accommodated), collectors of all kinds, space industry executives, race car professionals, steel fabricators, heavy equipment providers, automotive refinishers and mechanics, woodworkers, and the like.

Property Summary North Parcel Infrastructure * 2,805 square foot executive home featuring a luxurious 3 bedrooms, 3 baths, and an extravagant pool and spa with cabana and wet bar. * 6-car detached garage. * 2-story, 26,521 square foot warehouse with multiple 18’ roll up doors supporting a large main office, paint and sand blasting booth, as well as overhead gantry crane and drive-on lifts. Constructed of high-quality metal and block, this warehouse is designed to withstand high winds. * 800 square foot concrete block building housing a water treatment system and backup generator.

Property Summary The Southeast 10-acre Parcel 3,000 square foot guest home with 3 bedrooms, 3 baths, and a 2-car garage. Multiple RV prefabricated covered carports with concrete pads. Prefabricated metal enclosure car lift 2,000 square foot air-conditioned warehouse 3,200 square foot warehouse with sand blasting booth

Property Summary The Southwest 10-acre Parcel 1,800 square foot caretaker’s home with 3 bedrooms, 2 baths. 10,000 square foot air-conditioned warehouse 2,100 square foot air-conditioned warehouse with 8 automatic rollup doors and 4 exterior double carports. 1,920 square foot garage with workshop and office. 2,178 square foot air-conditioned warehouse with 1,492 square foot covered carport.

Bid Schedule Extended due to Covid 19 Term Sheets Due: No Later than 5 PM ET. July 31,2020 Selection of Best Offer: August 7, 2020 Executed Contract Due: August 21, 2020 Expiration of Due Diligence: September 15, 2020 Closing: on or before October 15, 2020 *** See Sealed Bid Terms & Conditions for full details***

Regional Map Shearer Estate

Sealed Bid Terms and Conditions TERM SHEET DELIVERY: Term Sheets must be submitted to the offices of Geneva Land Services, Inc., utilizing the form which can be found in the Information Package, on or before 5:00 P .M. ET, Friday, due to Covid 19 extended until July 31 st 2020 ") (the "Sealed Bid Deadline). Deliver Bids via Federal Express or overnight mail to: Geneva Land Services, Inc. 180 Wood St. Oviedo, FL 32765 **VERBAL BIDS, FAXED BIDS OR BIDS COMMUNICATED IN ANY OTHER MANNER WILL NOT BE ACCEPTED** The Sealed Bid must include: 1) The completed Term Sheet signed by an authorized individual 2) Bidder's Demonstration of Ability to Close 3) If financing, a letter of commitment from a financial institution Geneva Land Services, Inc. and Seller do not accept any responsibility for: (i) mistakes in the completion or submission of any bid or (ii) any lost, stolen, or undelivered bid. PROPERTY INSPECTIONS: The property is available for inspection, by appointment only , prior to the Term Sheet due date. Prospective bidders should contact Rocky Metcalf at (407) 832.5466 for tours.

RESPONSE TO BIDS: Seller shall review all Bids. Notice shall be given by Seller to the successful bidder by email or by telephone and followed by a written "Notice of Successful Bid." Seller reserves the right to select the best bid, at its sole and absolute discretion, which may or may not be the highest bid. Bidders are strongly encouraged to submit financial information with their bids. All terms of sale, including requirements for submitting a Bid, are specifically set forth in the Information Package. Upon selection of best offer, Seller’s agent will furnish the contract for sale and purchase to Buyer. In the event a successful bidder fails to execute the Purchase and Sale Agreement or close the transaction within the timeframe outlined in this invitation, the acceptance of the bid may be cancelled in the Seller’s sole discretion and the next best bidder, selected in Seller’s sole discretion, will be notified in the same manner as the initial bidder and will become the new successful bidder. Seller reserves the right to not accept any of the bids. AS-IS SALE, NO CONTINGENCIES OR CONDITIONS: The Property shall be sold on an As-Is, Where-Is basis with no guarantees, representations, or warranties made by Seller or any other party as to the condition of the Property, the land use or zoning entitlements, or the ability of the purchaser to develop the Property for its particular purposes. The Purchase and Sale Agreement will allow for a 14- day due diligence period. INFORMATION PACKAGE: An Information Packages providing more information on the property is available. The Information Package contains documents that are intended to assist with a Bidder's review. The Information Package is for information purposes only. Seller and Geneva Land Services, Inc. offer no representation or warranty as to the accuracy or completeness of the Information Package. To obtain an Information Package, call (407) 832.5466. TITLE AND ESCROW/CLOSING: All title and escrow/closing services will be handled by the Seller’s Counsel. CLOSING: Closing shall occur no later than fifteen (15) calendar days from the expiration of the Purchase and Sale Agreement Due Diligence period.

BROKERAGE COMMISION: Geneva Land Services, Inc. is the exclusive representative of the Seller and will be compensated by the Seller. Geneva Land Services, Inc. will provide a 3% commission to a cooperating broker. ADDITIONAL CONDITIONS: 1) Except as noted in the Information Package, title insurance will be available at closing, ensuring fee simple title to the Property subject to no encumbrances except for: (i) current taxes and assessments; (ii) easements, rights of way, reservations, covenants, conditions and restrictions of record; (iii) zoning, restrictions, prohibitions, and other requirements imposed by governmental authorities; (iv) any title objections made by Buyer which the Seller will not or cannot cure; and (v) standard exceptions in an owner’s title insurance policy. 2) The property is being sold in its "as is" condition without any warranties or representations, expressed or implied. The information contained in these marketing materials has been obtained from sources deemed reliable; however, accuracy and completeness cannot be guaranteed and prospective bidders are advised to independently verify any information they deem important. Prospective bidders should use the information provided herein only as an aid in deciding whether to conduct their own full-scale investigation of the property prior to submitting a bid to purchase. 3) No claim will be considered for allowance, adjustment, or rescission based upon failure of the Property to correspond to any particular exception or standard (except the title report). 4) Unless and until a binding Purchase and Sale Agreement is entered into by the parties, Seller shall not be bound to accept any offer to purchase the Property nor shall Seller be obligated to sell the Property nor compensate a potential buyer or buyer's agent in any manner whatsoever. 5) Seller and Broker have the right, at their sole discretion, to postpone or cancel the sale, in whole or in part, and to modify or add any terms and conditions of the sale and to announce such modifications or additional terms and conditions prior to the deadline for bid submission.