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Longview, TX - 216 Industrial Drive

216 Industrial Drive - Longview, TX

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Description

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This property was built in 1960 with metal construction and fenced controlled access. There are two oversized overhead grade level doors, concrete drives into and around the building. 

The property also features an oil separator & evaporator equipment located in the shop building, 3 phase 480v power with 2,000 amp main in the main building and 3 phase 480 v power with a 400 amp main int the shop building.  6" concrete slab under the main building.

 Total Building Size  79,086 SF
 Office Area:  3,075 SF  Front office contains a reception area, open work area, private offices, conference rooms, locker room, break room, and support areas. 
 Land Area:  17.63 acres - Room for expansion or outdoor yard
Clear Height:    26' in main area
Number of Buildings: 5
Number of Stories: 2
Dock OH & Drive-In Doors:   4 main building, the warehouse building has (6) grade level 16' doors and (2) dock high doors.
Bridge Cranes:  (3) 5 ton bridge cranes spanning the length of the building
Electric Power: 2,000 amp/480v/3ph in main building and 400 amp/480v/3ph in the shop building
Electric Generator:  Yes
Water/Sewer: Municipal
Sprinkled:  Yes
Exhaust Fans:  Exhaust fan and air louvers throughout the main manufacturing building
Climate Control:  Ground-mounted package unit for the main building. There is no cooling in the warehouse building.
Heating:  Warehouse heaters
Other Important Features:  Oil separator & evaporator equipment located in the shop area
Fenced Contolled Access:  Yes
Driveway, Parking & Staging Yard:  Concrete driveway, parking 
Year Built:  1960 (Reonvated: 1980)
Construction:  Metal building on 6" concrete slab
Zoning:  Industrial
APN/Parcel ID  Land - R008956137, Improvements - I010089408
Real Estate Taxes:  

Why Buy This Property

Location:  The proeprty is in the eastern portion of Longview, Harrison County, Texas.  Longview is the center for economic activity for a significant part of Northeast Texas with over 680,000 people within a 12-county region and over 340,000 workforce.  State highway 80 (East Marshall Avenue) and U.S. Highway 281 are immediately available to the property which is located in the East Industrial District industrial park. This area includes such companies as Weatherford, Haliburton, Stemco and many others.

Longview is located on Interstate 20 and is less than two hours east of Dallas, Texas and one hour west of Shreveport, Louisiana. State highways 80 and 259 intersect in Longview providing access throughout the region.  Altogether, Interstates 20, 30, 49 and the future I-69 are all less than an hour away, as are State Highways 59, 69, 79, 80, 175, 259, and271.  The area is also served by two railroads and the Port of Schreveport Bossier which is an hour east.  There is public air service between East Texas Regional Airport to DFW International.

Property Location

Auction / Date / Time

Sealed Bid Auction
January 09, 2020 2:00 P.M. CST

Property Video

Offering Strategy

ABSOLUTE AUCTION - This property will be sold regardless of price to the highest bidder -  This is a sealed bid auction.  Bids on the approved auction contract form are due no later than 2:00 PM on January 9th  Bids are to be delivered to Fine & Company TX LLC, via email to Info@fineandcompany.com our office is located at 899 Skokie Blvd., Suite 100, Northbrook, IL 60062 The purchase of a Bidder's Information Packet and a cashier's check or wire-transferred funds to the Title Company listed in the Purchase and Sale Contract advance of bidding. See Bidder's Information Packet for more details.  

Inspection Dates

The property is available for inspection at 11:00 A.M. on October 30, November 6 & 13
PLEASE MEET AT THE OFFICE AT THE OFFICE AT THE PROPERTY IN ORDER TO REGISTER AND BEGIN YOUR INSPECTION.

Please call 312.278.0600 Extension 101 at least 24 hours in advance so that we know to expect you. Personal Protective Equipment (PPE) is required including hard hat, safety glasses, steel toe shoes, safety vest for all property inspection attendees.  Registration and government-issued identification required at each property viewing.  When you park at any Weatherford facility you are required to back your car into the parking space.   Thank you.

Auction Location

This is a sealed bid auction.  Bids on the approved auction contract form are due no later than 2:00 PM on November 20th  Bids are to be delivered to Fine & Company TX LLC, via email to Info@fineandcompany.com our office is located at 899 Skokie Blvd., Suite 100, Northbrook, IL 60062 The purchase of a Bidder's Information Packet and a cashier's check or wire-transferred funds to the Title Company listed in the Purchase and Sale Contract advance of bidding. See Bidder's Information Packet for more details.

Details

Certified Funds To Bid : $30,000

Buyer's Premium (Buyer's Fee) : 4% of the high bid price

In Cooperation With : CBRE

Contact Us

  Fine And Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

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Other Information

Broker Participation : Buyer's Agent participation is invited!
A 1% referral fee will be paid to the REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.

Licensing : Michael A. Fine - Texas Broker #596212, Renee Y Jones License Texas Auctioneer #9270

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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