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Odessa, TX - Industrial Building - 1105 S Grandview Ave
Why Buy This Property
This manufacturing center is one of three contigeous properties offered at auction. The location is ideal for energy service companies as it has easy access to Interstate 20 and is located in the heart of the Permian Basin oil play.
The property is located within the Odessa City Limits and is approximately 2.5 miles southeast of the downtown central business and financial district of Odessa. This well positioned location offers immediate access to Interstate 20, US-385 as well as being 20 minutes to Midland International Air & Space Port.
Description
1105 S. Grandview is a 73,545 square foot manufacturing center with 50,849 sq. ft. of manufacturing & warehouse and 24,696 of offices.
| Total Building Size |
73,545 SF |
| Building Details |
Building C - 33,360 SF |
| Office Area: | 24,696 SF (Total Office Space) |
| Land Area: | 6.25 acres |
| Clear Height: | |
| Number of Buildings: | 3 |
| Number of Stories: | 1 or 2 |
| Equipment Bldg C | (2) 25 Ton Bridge Cranes, (1) 15 Ton Bridge Crane, (2) 10 Ton Bridge Cranes, (3) 5 Ton Conffing Chain Hoists, (8) 2 Ton Chain Hoist Jib Cranes |
| Water/Sewer: | Municipal |
| Zoning: | Industrial |
| APN/Parcel ID: | R100035727, R100055894, R100055895 |
| Real Estate Taxes: | $48,966.96, $992.14, $14,856.73 = $64,847.83 |
| Short Term Leaseback: | This property is offered subject to a short term leaseback. See Offering Memorandum & Bidder's Information Packet for details. |
Property Location
Property Video
Offering Strategy
MIMIMUM BID: $1.6 Million - This property will be sold to the highest bidder, subject to the published minimum bid 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 from 10:00 AM to 12:00 PM on November 16, 28, December 14, January 9 and 23.
PLEASE MEET AT THE OFFICE AT 905 S. GRANDVIEW AVENUE 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, and 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:
The Doubletree Hotel - Midland Texas
117 W. Wall Street
Midland, Texas 79701
February 7, 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 : $100,000
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 $40.00. 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
Contact Us
Fine & Company LLC
Michael A.Fine, CCIM, CAI, AARE
Illinois, United States
312-278-0600
michael@fineandcompany.com
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 : Fine & Company TX LLC, Licensed TX Broker #604584, Renee Y. Jones Licensed TX 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.