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Odessa, TX - Industrial Building - 905 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 therefore has access to water and sanitary sewer. The property has asphalt base parking and yard. 3 phase power, City of Odessa Fire Hydrant at the NW corner of the site.
Description
905 S. Grandview is a 95,360 square foot manufacturing center with 40,000 sq. ft. of warehouse built in 1981, a 47,236 sq. ft machine shop built in 1970 and 9,278 of offices built in 1967.
| Total Building Size: | 95,360 SF |
| Building Breakdown: | Building A - 55,000 SF - (46,400 SF Manufacturing, 8,800 SF Office) Building B - 40,160 SF - (24,160 SF Manufacturing, 16,000 SF Warehouse) |
| Office Area: | 8,800 SF Front office contains a reception area, open work area, private offices, conference rooms, locker room, break room, and support areas. |
| Land Area: | 6 acres |
| Clear Height: | |
| Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Dock OH & Drive-In Doors: | |
| Bridge Cranes: | |
| Other Cranes: | |
| Electric Power: | Main electrical service size to each building ranges from a minimum of 400 amp, 120/208 volt service to a maximum of 4,000 amps 277/480 volt three-phase, four wire AC |
| Water/Sewer: | Municipal |
| Climate Control: | Cooling for the office areas in Building A is provided by a combination of pad and roof mounted units. |
| Heating: | Heating for the warehouse areas of Building A and Building B is natural gas fueled ceiling mounted forced air heaters. |
| Other Important Features: | Above ground gasoline and oxygen storage tanks. |
| Fenced Contolled Access: | Yes |
| Driveway, Parking & Staging Yard: | Asphalt paved parking areas, drive lanes, concrete driveways and concrete paved loading dock pavements |
| Year Built: | |
| Site Lighting: | Building mounted HID fixtures and directional flood fixtures illuminate the parkng and loading dock areas |
| Construction: | |
| Zoning: | Industrial |
| APN/Parcel ID | |
| Real Estate Taxes: | |
| Short Term Leaseback: | The property is being offered subject to a short term leaseback - see Offering Memorandum and Bidder's Information Packet for details. |
Property Location
Property Video
Offering Strategy
MINIMUM BID: $1,200,000 - 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-transferred 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 312-852-8523 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:
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 : $90,000
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
Contact Us
Fine & Company LLC
Michael A.Fine, CCIM, CAI, AARE
Illinois, United States
312-852-8523
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.