Coca-Cola Selects The Future of Real Estate (FRE.com) to Conduct Online Auctions for 2 Former Distribution Centers
NEWPORT BEACH, Calif., Aug. 22, 2017 /PRNewswire/ -- Having conducted successful auctions in the past for Coca-Cola Enterprises Inc, The Future of Real Estate (FRE), a leading online auction marketing firm, is once again conducting a sale by auction of two unique Coca-Cola properties. The company felt that FRE's online auction program would provide the best environment for prospective buyers to participate from anywhere in the world.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/81624241-future-of-real-estate-online-auctions-coca-cola-distribution-centers/
The online auction features two distribution centers. The first is located in New Mexico and listed with Jerry Cass & Brett Johnson of Town & Country Real Estate, Inc. The other is located in Kentucky and listed with Gant Hill & Robert Wang of Gant Hill & Associates LLC. Each property offers buyers a unique investment opportunity:
LOUISVILLE, KENTUCKY
This online auction provides investors the opportunity to buy ±318,000 square feet of improved office/warehouse space on ±13.7 acres of land. Bidding for the property begins at $599,000 which is less than $1 per square foot! Highlights and features include, but are not limited to:
- Zoned EZ-1 (Enterprise Zone/C2 Commercial & M3 Industrial)
- 3 buildings total
- Adequate parking (±200 usable spaces)
- Multiple points of ingress/egress
- Relatively level topography
- All utilities available to site
PORTALES, NEW MEXICO
This former Coca-Cola distribution center boasts an excellent location with ±868 feet of frontage to BN&SF Railroad & US HWY 70. This property includes over 170,000 square feet of improved office/warehouse space on 30 acres of land. The M-1 zoning allows for flexible use including, but not limited to, office, retail, distribution center, warehouse and light manufacturing. Highlights and features of this property include, but are not limited to:
- Building Improvements include main processing plant/office, service garage & storage shed
- Site is generally level in topography
- Site is zoned M-1 (Light Manufacturing District)
- 85 onsite parking spaces
- All utilities available to site
"As one of the world's most recognized companies, this sale affords itself perfectly to an online auction," said Bill Lange, CEO of The Future of Real Estate. "These properties will receive global exposure, allowing for either a domestic or international buyer to purchase them at below market prices."
Specific property documents, disclosures, and purchase and sale contracts are available for review prior to bid deadline. All bids must be submitted by September 21st, 2017. To register to bid and review important property and auction information, prospective buyers can visit www.FRE.com/250R1.
The Future of Real Estate has served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with aggregate values well in excess of $5 billion. For more information on the Future of Real Estate or how FRE's online auction process works, please visit www.FRE.com.
Debi Roks
The Future of Real Estate
(949)706-6107
[email protected]
www.fre.com/250R1
SOURCE The Future of Real Estate
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