Court Ordered Bankruptcy Auction - 11.03 +/- AC’s – 3 Tracts

3 Tracts of Undeveloped Land totaling 11.03 AC’s Located at the Corner of Ella Blvd & Northborough Dr. Offering Tract 1 Individually and Tracts 2 & 3 Combined as an Individual Tract or All 3 Tracts Combined. Multiple Development Opportunities including C-Store, Fast Food, Retail, Commercial as well as Multi-Family & Single-Family Residential.
• Land Area Gross: 11.03 AC’s or 480,466.80 SF +|- of land
• NO FLOOD PLAIN
• Tract 1 – 0 Ella Blvd – HCAD #1145860000004
o 4.07 +|- AC’s or 177,267 SF H
o Hard Corner at W Rankin Rd & Northborough Dr
o 313.41’ +|- Road Frontage on W Rankin Rd
o 541.33’ +|- Road Frontage on Northborough
• Tract 2 – 0 Northborough Dr – HCAD #1465860000020
o 6.00 +|- AC’s or 261,360 SF
o 500.02’ +|- Road Frontage on Northborough
• Tract 3 – 0 Ella Blvd – HCAD #1145860000031
o .96 +|- AC’s or 41,839 SF
o Tract 3 is selling with Tract 2
• Total Road Frontage is Approx. 1,041.35’ +|- on Northborough
• Zoning: None
• Topography: Generally Level and at Street Grade
• Drainage: Provided by Underground Storm Sewers within the Subdivision
• Utilities:
o Electricity: On Site
o Water/Sewer: Mud District
• Flood Hazard: NONE
• Only 1/2 Mile West of I-45 North Frwy
DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!
Online bidding ends January 25th at 12:00 PM CT
Preview: Drive by anytime
Property Address: 0 Ella Boulevard & 0 Northborough Drive, Houston, Texas 77067
U.S. Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 23-34374
Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX Auctioneer #11818
10% Buyers Premium and other terms apply
Contact Kelly Toney at 888-791-7307 ext. 808 or ktoney@tranzon.com

https://www.tranzon.com/taa2401b

Bankruptcy Auction – New Industrial Development

• Premier, Partially Completed (existing structures), State-of-the-Art Industrial Complex on 34 acres
• Tremendous Location off I-69 with Access to over 60% of USA Population in 24 Hours or Less
• 87,394 gross sq. ft. in Four Flexible-Use Buildings – High Eve Heights – Electric Sub-Station Adjacent
• Clear Span Ceilings Range from 30’ to 45’ – Shipping & Drive-thru Access from 12’ to 20’
• Suitable for Manufacturing, Logistics, Agriculture, Transfer and Warehousing
• Single or Multi-Tenant Flexibility or Expand on Prepped Site for Owner-User & Leasehold
• Custom Design-Build Tilt-Wall Exterior w/Reinforced Concrete – High Energy Efficiency Rating
• Significant Utility Service to the Buildings & Site – 24” Natural Gas Spur Line, 440/3 Phase Electric, Municipal Sewer & Water Service
• Appraised As-Is – 2020 for over $12,000,000 – Land Alone $1.2 million
• Site Prepped for Expansion of Additional Six Buildings plus Parking, Transportation & Encircling Access Roadway, Trucking Hold Area and Additional Features
• Drive-In/Grade Level Doors: 24 | Dock High Doors: 2
• Millions in Improvements Already Invested in Site – Instant Equity & Finish to Suit
• Clear Title Guaranteed by U.S. Bankruptcy Court Order
• Access to 2 roadways – US 45 North & Ky 1276 – Only 30 seconds to Interstate 69
• Strong Right-to-Work Labor Market, Barge/River Shipping Nearby, Economic Incentives Available
• Approx. 2 hrs to Nashville, 2.5 hrs Memphis, 3.24 hrs Louisville
• No Minimums – No Reserves – Selling to Highest/Best Bidder per U.S. Bankruptcy Court Ordered Sale
• Qualified Sealed Bids Due January 24, 2024
• Sale Process Approved per U.S. Bankruptcy Court – Western District of Kentucky Case No. 23-50409-acs

Qualified Sealed Bids are due by January 24, 2024 at 4:00 pm CST. If there are multiple bids submitted, a live auction will occur on January 31, 2024 at WK&T Tech Park, 100 WK&T Technology Park, Bldg. 800, Mayfield, KY 42066, and (b) via a virtual platform, such as Zoom or GoToMeeting. Please deliver your Qualified Sealed Bids to: Tranzon Tranzon Asset Advisors, 1108A North Dixie Avenue, Elizabethtown, Kentucky 42701 or contact Kelly Toney at 888-791-7307 ext. 808 or ktoney@tranzon.com .


Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer/Broker #P1734
U.S. Bankruptcy Court for the Western District of Kentucky Paducah Division Estate of the Industrial Authority of Mayfield-Graves County
Chapter 11 – WDKY- Case No. 23-50409-acs
Please read the Court Order for the terms of the sale.


Qualified Sealed Bids are due by January 24th at 4:00 pm CT

Property Address: 3155 Route 45 North, Mayfield, KY 42066