Outer Banks Pilot House Restaurant Auction
Last Updated on Saturday, 8 May 2010 03:40 Written by a2e Saturday, 8 May 2010 03:40
Well-known in its day, the soundfront shingled former “Pilot House” restaurant will be sold at auction on May 20 at 4 pm, when Tranzon Fox kicks off a 3-day multi-property auction event with this distinctive Outer Banks commercial site. The building and 17 +/- acre commercial site will be open for inspection by appointment and one hour prior to the auction.
Both residential and commercial real estate in the Outer Banks is undergoing a transformation in the way it’s sold. Many owners are opting to go the auction route to expedite sales, especially in a sluggish real estate market where properties marketed by traditional methods may linger months or even years. Just last month Tranzon Fox conducted an auction at Sugar Creek where 21 condominiums were sold in one afternoon.
“The combination of a well-located soundfront property with strong upside potential being sold at auction presents a real opportunity for buyers, adding more excitement to the sale since the public auction process allows the true market value of the property to come forth,” said Linda Staples, Partner/Auctioneer/Broker of Tranzon Fox.
Other properties included in this three-day auction event are three income-producing beach homes – two of them oceanfront and one on the Pamlico Sound , a charming home in the quaint waterfront town of Belhaven on the Pantego Creek, two 10 +/- acre building lots in Moyock, a 5.78 +/- acre commercial lot in Poplar Branch, a 2 +/- acre commercial lot in Grandy, and a boat slip on Hatteras Island.
Tranzon Fox, headquartered in Virginia Beach, VA (NCAF 4953) is a full-service real estate auction company and a member company of Tranzon, L.L.C. With over 32 independently owned offices from coast to coast, the member companies of Tranzon auctioned more than 1,000 properties last year and over the past five years have conducted auctions in 47 states and the District of Columbia, selling more than $1 Billion in assets since the Company’s formation. Tranzon professionals specialize in providing real estate, business asset and liquidation auction and accelerated marketing services to corporations, financial institutions, trustees, individuals and estates throughout the U.S.
For complete details about the auction, visit OBX-MAY at www.tranzon.com or call 800-868-0458. Interested bidders may also contact Linda Staples at 804-354-9090.
Foreclosure Auction of 12 Elder Care Facilities
Last Updated on Monday, 12 April 2010 12:20 Written by a2e Monday, 12 April 2010 12:20
Tranzon Integrated Property Group (“Tranzon IPG”) and Tranzon Fox (“Tranzon Fox”) announced today that it will be conducting a UCC foreclosure auction with respect to ownership rights to 12 elder care facilities throughout Northern New Jersey in Bergen, Morris, Mercer and Somerset Counties. The portfolio will be sold as a whole and no single facility will be sold individually. Tranzon IPG will be conducting this auction through its newest office in Morristown, NJ.
“These are modern facilities and have experienced management in place making this ideal for either an investor wanting to get exposure to this space without having to manage a negative carry or an existing operator looking to expand through the acquisition of a geographically concentrated group of established facilities in affluent areas,” said Oren Klein, Vice President of Tranzon IPG.
“The foreclosure is for 100% of the membership interests in 11 limited liability companies that own and operate these 12 facilities,” said David Lowry, Vice President of Tranzon Fox. He adds, “while there is no minimum bid, we expect bidding to start around $17,000,000 for the entire portfolio.”
There are a total of 183 units among the facilities, all which specialize in Alzheimer care. All the facilities are licensed group homes and are similar in size. A Property Information Package and other detailed information is available to potential bidders. To download this information go to: www.tranzon.com and look for Property ID: FX7128 or call 973-753-1313.
Nags Head, North Carolina – Condos for Auction
Last Updated on Sunday, 21 March 2010 12:00 Written by a2e Sunday, 21 March 2010 12:00
Tranzon Fox is pleased to announce the absolute auction of 20 sound-front, sound-view and ocean-view residential condos in Nags Head, N.C. On March 27th at 1 p.m., the condominiums will be sold individually via bidder’s choice at the absolute auction with no minimums or reserves!
This live public auction scheduled in Nags Head, North Carolina on March 27 presents a rare opportunity for buyers to purchase a newly constructed condominium in an outstanding central location within walking distance of the beach and Jennette’s Pier, and close to Jockey’s Ridge and Oregon Inlet. Buyers may bid live, on-line or by phone. And, bank and seller financing is available to qualified bidders.
Tranzon Fox, with offices in North Carolina, Virginia, Maryland, and the DC Metro area, is a member Company of Tranzon, LLC, and is a full-service auction and real estate disposition company. With over 34 offices from coast to coast, the member companies of Tranzon, LLC have completed transactions in excess of $700 million over the past six years. For more information about this auction or to learn more about Tranzon visit www.tranzon.com
Auction of Two Light Industrial Buildings on Long Island
Last Updated on Friday, 12 March 2010 12:00 Written by a2e Friday, 12 March 2010 12:00
Tranzon Integrated Property Group and Tranzon Fox (“Tranzon”) announced today that it has been engaged by Wells Fargo to market and auction off two light industrial buildings at a foreclosure auction to be held on March 25th at 1pm at the Babylon Town Hall on Long Island. The properties are located at 100 Brook Avenue in Deer Park and 725-735 Mount Avenue in West Babylon. 100 Brook Avenue consists of 10,000 SF on .61 acres and 725-735 Mount Avenue consists of 15,600 SF on 1.3 acres.
In order to facilitate bidding and for the purposes of disclosure, Tranzon has made available to all potential bidders a Property Information Package that includes pre-ordered title reports, tax and lien searches, appraisals and other information relating to the properties and the foreclosure. To download this information go to: www.tranzon.com and look for Property ID: FX1589 or call 888-243-3431.
