6,600+/- SF Light Industrial Facility on 34.16+/- Acres

>Real Estate Auction in

22 Monday
April 22nd, 2019 4:00 PM

6,600+/- SF Light Industrial Facility on 34.16+/- Acres

>Real Estate Auction in

Monday at - 22nd April , 2019

Notes

Buyers premium: 10% Buyers Premium based on the high bid.
Closing: Closing will occur within 30 days of the auction, or as determined by the Bankruptcy Trustee and according to the Purchase and Sale Agreement
Deposit Amount: 10% deposit of the Total Sale Price in guaranteed funds.
Broker Coop: 2% of the high bid will be paid to a properly registered broker at settlement.

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Auction Items For Sale

Bankruptcy Auction 
 
6,600+/- SF Light Industrial Facility on 34.16+/- Acres
 
Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 6,600 SF Light Industrial Building, built in 2016, located on a total of 34.16 Acres of land. Property is ideal for further development of additional industrial buildings for a single owner occupant, or for multiple tenants. The Property will Sell to the Highest Bidder!
 
DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!
 

NOTE: There is no personal property being conveyed in the sale of the property. The vehicle prototype, antenna, servers, 1500 DC Electrical Transformer & switchgear, and select other items are considered to be a part of the Intellectual Property (“IP”) of Freight Shuttle. These items will be removed by the owner of the IP at their expense. The rail line inside the building and extending to the exterior will remain on the property. The final closing date will be determined by the Trustee and according to the Purchase & Sale Agreement to allow for sufficient time for these items to be removed. Any damage done to the property during removal will be the responsibility of the IP Owner and they will be required to carry the necessary insurance with the Trustee as additionally insured to protect the improvements.

 
Please be sure to download the Property Information Package by clicking on the words under “Documents to Download.” By downloading this package you will alert Tranzon Asset Advisors to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.
 
United States Bankruptcy Court, Southern District of Texas, Houston Division, Case No. 18-35039