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Longview, TX - 21 FRJ Drive

21 FRJ Drive - Longview, TX

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Description

 

 Total Building Size

 43,095 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 development
Clear Height:    26' in main area
Number of Buildings:  3
Number of Stories:  1
Dock OH & Drive-In Doors:   9 main building, 11rear building, 2 in the smaller free-standing building
Electric Power:  2,000 amp/480v/3ph in main building and 400 amp/480v/3ph in the shop building
Water/Sewer:  Municipal
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  R000035973, R000065731, R000046062
Real Estate Taxes:  2017 - $12,802.27

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Why Buy This Property

This property is ideal for renovation and continued use as an industrial facility.  It is comprised of three tax parcels.  Two are presently developed. To the west of the two developed parcels and backing to residential properties is a 15.81 acre site with approximately 475' of  frontage on Cotton Street.

Property Location

Property Video

Offering Strategy

TO BE SOLD ABSOLUTE REGARDLESS OF PRICE - This property will be sold to the highest bidder, regardless of price and the Terms of Sale. This is a live auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet and a cashier's check or wire-tranferred funds to the Title Company listed in the Purchase and Sale Contract advance of bidding. See Bidder's Information Packet for more details.  Bidders may also bid via a live webcast to the auctioneer.  In order to bid via live webcast, there are additional registration requirements which must be completed no later than three business days in advance of the auction.

Inspection Dates

The property is available for inspection at 10:00 AM on November 28,  December 4. 18, January 16 and 23.
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

Live Auction- The auction will be conducted as a live auction event . The auction time and location are as follows:

AUCTION LOCATION TO BE ANNOUNCED SHORTLY - PLEASE CHECK BACK

February 5, 2019

Registration: 10:30 AM
Auction: 11:00 AM

Bidders may also bid via a live webcast to the auctioneer.  In order to bid via live webcast, there are additional registration requirements which must be completed no later than three business days in advance of the auction.

Details

Certified Funds To Bid : $25,000

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

In Cooperation With : CBRE

Order Bidder's Information Packet

A Bidder's Information Packet is required to bid. The packet includes: auction and property information, environmental report, survey, lease, if any, title report, survey, real estate tax bill, local information, auction purchase and sale agreement, bidding requirements, and terms of sale.

Bidder's Information Packets are available in PDF format for $30.00. To order your Packet click on the link below and download the Bidder's Information Packet Order Form.  Once filled out, please email it to us at info@fineandcompany.com or fax it to 312.268.1110



Bid-Packet-Order-Form---Weatherford-Rev-v-2

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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