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Houston, TX - Former Academy Sports
Why Buy This Property
This property is ideal for the astute user or investor seeking a recently closed Academy Sports retail property.
Location- Well positioned location in the heart of the Willowbrook Retail submarket.
Visibility- Great visibility.
Access- Conveniently located on the NE corner of FM 1960 and Breton Ridge Street.
Future Use- Retail, Office, Medical, Entertainment, Light Industrial, Storage Center, Church, Educational Facility
Description
Former Academy Sports store,
53,361 SF gross building
- Constructed in 1995
- Concrete slab on grade construction with steel framing.
- Roof is a built up roof system on corrugated metal decking
- 4.72 acres
- 260 Parking spaces
- Two overhead doors
- Electrical, natural gas, water, sanitary and storm sewer
- Zoning: Commercial
- Taxes - $48,174 (2016) - Tax Parcel ID is 116-662-000-0001
- A May 30, 2007 Phase 1 Environmental Site Assessment revealed no evidence of RECs in connection with the property
Property Location
Auction / Date / Time
August 14, 2017 12:00 CDTOffering Strategy
Proof of funds required prior to the auction. 10% Earnest Money required upon winnng the bid. Closing on or before September 13, 2017. The Buyer's Premium equal to 10% will be added to the winning bid to determine the sale price.
This auction features a "grouped bid extension." This means if any of the properties in the auction receive a bid within five minutes of the deadline, the deadline will extend for an additional five minutes on all auction properties. The opportunity to bid will continue until five minutes past the last bid placed. The Broker / Auctioneer is not responsible for bidding errors or the inability to bid caused by internet outages, bid platform failures or power failures. Should you have any questions or trouble bidding, please contact us at 770-980-9565
Inspection Dates
Inspections: This property is under contract. Inspection Dates Have Been Cancelled.
Please note: Inspections begin promptly. A Site Access Form signed by each attendee as well as on site registration and a government issued photo ID is required at each inspection. Please download the Site Access Form and bring it with you to the inspection.
Auction Location
This property is under contract. The auction has been cancelled.
Details
Certified Funds To Bid : Bank proof of funds required to bid
Buyer's Premium (Buyer's Fee) : 10% of the high bid
In Cooperation With : Auction Management Corp.
Contact Us
Fine & Company LLC
Michael A.Fine, CCIM, CAI, AARE
Illinois, United States
312-278-0600
michael@fineandcompany.com
Other Information
Broker Participation : A broker commission of two percent (2%) of written opening bid will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery the prospect’s name and address on the Broker Registration/ Written Opening Bid form available as a download at the AMC website listing for this asset prior to bidder registration. The form must be signed by the prospect and the Broker, and must be received at the office of Auction Management Corporation no later than 24 hours prior to the published auction date. Broker must also be present with their prospect during bidding and sign the Auction Real Estate Sales Contract if their client is the winning bidder. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction. In the event a Prospect makes initial contact with Auctioneer, a Broker Registration will be disqualified.
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.
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.