Posted By: Tomi Jo Lynch Advisor Support/Marketing
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INDUSTRIAL PROPERTY AUCTION WITH NOMINAL STARTING BID IS ANNOUNCED
CARSON CITY, NEVADA, OCTOBER 30, 2008 – The California owner of a 125,000 square foot industrial building in Carson City announced today that he will sell the property in a public auction. The auction will be held at the property, located at 550 Mallory Way, in Carson City, on November 18 at 2:00 pm.
According to Jack Brower, CCIM with Sperry Van Ness, “The Mallory Way property presents an exciting investment opportunity for investors and businesses, especially those who are currently leasing light industrial space in Carson City or looking to move into the area.” The building is located across from a Lowe’s near South Carson Street and Fairview Drive, with several retail properties to the west. There is plenty of parking on the 5.77 acres site and an overflow parking easement providing even more parking, for a variety of businesses or facilities that would be somewhat people intensive. The building features four dock high doors and two ground level doors, 10,000 square feet of office space, and 2400 Amps at 480/277 Volts 3 phase electrical.
“This is a real buying opportunity for buyers to purchase at their prices” said John L. Johnson, president of Sperry Van Ness/Interstate Auction Company. “The Seller has authorized us to sell this property with a nominal opening bid of only $750,000. He wants to retire, and this is his last real estate holding in the state of Nevada.” The property was very recently appraised at almost $5,000,000, even after discounting the estimated cost of on-going groundwater contamination remediation.
Sperry Van Ness is one of the largest commercial brokerages in the world, and the only major national real estate firm to have a fully integrated auction arm. Jack Brower, CCIM, and Bruce Robertson, CCIM, both with Sperry Van Ness Gold Dust Associates of Carson City is representing the Seller in this auction, working in conjunction with the Sperry Van Ness National Accelerated Marketing Team.
CARSON CITY, NEVADA, OCTOBER 30, 2008 – The California owner of a 125,000 square foot industrial building in Carson City announced today that he will sell the property in a public auction. The auction will be held at the property, located at 550 Mallory Way, in Carson City, on November 18 at 2:00 pm.
According to Jack Brower, CCIM with Sperry Van Ness, “The Mallory Way property presents an exciting investment opportunity for investors and businesses, especially those who are currently leasing light industrial space in Carson City or looking to move into the area.” The building is located across from a Lowe’s near South Carson Street and Fairview Drive, with several retail properties to the west. There is plenty of parking on the 5.77 acres site and an overflow parking easement providing even more parking, for a variety of businesses or facilities that would be somewhat people intensive. The building features four dock high doors and two ground level doors, 10,000 square feet of office space, and 2400 Amps at 480/277 Volts 3 phase electrical.
“This is a real buying opportunity for buyers to purchase at their prices” said John L. Johnson, president of Sperry Van Ness/Interstate Auction Company. “The Seller has authorized us to sell this property with a nominal opening bid of only $750,000. He wants to retire, and this is his last real estate holding in the state of Nevada.” The property was very recently appraised at almost $5,000,000, even after discounting the estimated cost of on-going groundwater contamination remediation.
Sperry Van Ness is one of the largest commercial brokerages in the world, and the only major national real estate firm to have a fully integrated auction arm. Jack Brower, CCIM, and Bruce Robertson, CCIM, both with Sperry Van Ness Gold Dust Associates of Carson City is representing the Seller in this auction, working in conjunction with the Sperry Van Ness National Accelerated Marketing Team.
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